Celsius Holdings Stock Surges Amid Strong Q2 Performance and Alani Nu Acquisition
Celsius Holdings (CELH) shares have nearly doubled year-to-date following a robust second-quarter earnings report. The energy drink maker's revenue soared 84% to $739.3 million, significantly exceeding analyst estimates of $655.7 million. This performance was largely driven by the acquisition of Alani Nu, which saw retail sales jump 129% and market share nearly double to 6.3%.
The Core Celsius brand maintained steady growth with revenue up 9% to $438.1 million, though its energy drink market share slipped slightly to 11%. Limited-time offerings proved successful for both brands, with Alani Nu's Sherbet Swirl and Cotton Candy flavors driving demand. Celsius plans to introduce its first LTO flavors this fall, signaling continued product innovation.
