Summary by Moomoo AI
Celsius Holdings, Inc. (Nasdaq: CELH) reported a record-breaking financial performance for the second quarter of 2024, with revenue reaching $402.0 million, a 23% increase from the previous year. The company's gross profit also saw a significant rise, up 32% to $209.1 million. Diluted earnings per share (EPS) grew by 65% year over year to $0.28. These results were primarily driven by the North American market and sustained consumer demand growth. The company's international sales also contributed to the strong performance, with a 30% increase to $19.6 million. Celsius' gross margin improved due to freight optimization and lower materials costs, contributing to the overall profitability. The company's management hosted a webcast on August 6, 2024, to discuss these financial results with the investment community. Additionally, Celsius provided a...Show More
