US15118V2079 - Common Stock
Is Celsius Holdings set for a comeback after a painful 2024?
Celsius is a high-risk/high-potential-reward play in the coveted energy drink category.
Looking back on beverages, alcohol and tobacco stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Tilray Brands (NASDAQ:TLRY) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Celsius (NASDAQ:CELH) and the best and worst performers in the beverages, alcohol and tobacco industry.
Looking back on beverages, alcohol and tobacco stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Constellation Brands (NYSE:STZ) and its peers.
This may be a good time to look past troubling headline numbers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Molson Coors (NYSE:TAP) and its peers.
Investors likely have a rare buying opportunity in this growth stock.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the beverages, alcohol and tobacco industry, including Anheuser-Busch (NYSE:BUD) and its peers.
Equity analysts in Manhattan have a difficult time imagining the logistics needs in Brazil.
Just because they aren't anyone's favorites right now doesn't mean they're not worth owning.
Consumers pulled back from energy drinks in recent months, hurting Celsius sales.
The energy drink market has seen slowing growth this year.
Celsius didn't have a good quarter, but the full picture is a little better for the company.
Shares of energy drink company Celsius (NASDAQ:CELH) fell 12.2% in the morning session after the company reported underwhelming third-quarter earnings. Notably, revenue fell sharply by 31% year on year due to reduced orders from the company's largest distributor, which was in the middle of an inventory optimization process. The effect of the sales miss rippled all the way down from the gross margin line, which declined, leading to a miss on EBITDA and EPS. Overall, this was a weaker quarter.
The company's numbers look terrible, but there's more to the story.
This growth stock continues to be beaten down after growth decelerates.
Here are four stocks to buy now that could offer investors upside in the short and long term.
Energy drink company Celsius (NASDAQ:CELH) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 30.9% year on year to $265.7 million. Its GAAP loss of $0 per share was 100% below analysts’ consensus estimates.
Vertical integration could help Celsius' margins and inventory.
Energy drink company Celsius (NASDAQ:CELH) will be announcing earnings results tomorrow morning. Here’s what to expect.
Will buying Celsius stock today be a game-changer for your portfolio in the long run? Let's weigh this exciting energy drink specialist's upsides and downsides.