Celsius Holdings sees international growth potential with strong revenue increase

From Nasdaq: 2024-08-10 07:35:00

Celsius Holdings (CELH) has faced a tough few months, with stock prices dropping over 50% since May. Despite slowing growth in the U.S. market, second-quarter results show promise. Revenue increased by 23%, with strong sales in international markets and Amazon. The company’s new Essentials line has also performed well.

While facing challenges in the U.S. energy drink market, Celsius sees potential in international expansion. With plans to launch in the U.K., Ireland, Australia, New Zealand, and France, the company is just beginning its global growth journey. Strong performance in alternative channels and a focus on gaining shelf space highlight its growth potential.

Celsius Holdings currently trades at a premium compared to Monster Beverage but offers faster revenue growth. With a P/E ratio of 29 times and a strong international opportunity, the stock seems attractively priced for investors. Analysts see potential for significant returns in the coming years and recommend adding to positions on dips for long-term growth.



Read more at Nasdaq: International Sales Energize Celsius. Is It Time to Buy the Beaten-Down Stock?