Consumer

Celsius Rises as Market Share Gains Propel Earnings Higher

Earnings and revenue beat expectations in second quarter
Drinkmaker says it’s taking share from Red Bull, Monster

Celsius energy drinks at a store in Crockett, California, US.Photographer: David Paul Morris/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Rachel Phua

August 6, 2024 at 12:06 PM UTC

Updated on

August 6, 2024 at 2:22 PM UTC

This article is for subscribers only.

Celsius Holdings Inc. shares rose after the energy-drink maker posted a higher-than-expected profit, taking market share from rivals like Red Bull GmbH and Monster Beverage Corp. and alleviating fears of a slowdown.

Second-quarter earnings per share were 28 cents, above the average analyst estimate of 24 cents. Revenue rose 23% from the same quarter last year to $402 million, also higher than an expected $390 million.