Energy drink maker warns of inventory fluctuations
- Celsius stock drops 5% after revenue falls short of analyst estimate
- First-quarter profit more than doubled to $64.85 million
- First-quarter revenue rose to $355.71 million
- Ongoing inventory fluctuations may be expected in subsequent quarters
- Celsius Holdings stock was up by 43.7% in 2024
Celsius Holdings Inc.’s stock declined by 5% on Tuesday as the company’s revenue fell short of the analyst estimate. The first-quarter profit of Celsius more than doubled to $64.85 million, surpassing expectations. However, the first-quarter revenue of $355.71 million missed the analyst estimate of $390.4 million. Celsius Holdings also cautioned that ongoing inventory fluctuations may occur in subsequent quarters, as its largest distributor accounted for 62% of its total North American sales during the quarter. Despite the recent drop, Celsius Holdings stock has seen a significant increase of 43.7% in 2024, outperforming the Nasdaq’s gain of 8.9%.
Factuality Level: 3
Factuality Justification: The article provides relevant information about Celsius Holdings Inc.’s stock performance and financial results. However, it lacks context and background information about the company, its industry, and the factors influencing its stock price. The article also does not address potential biases or conflicting opinions that may exist regarding the company’s performance.
Noise Level: 3
Noise Justification: The article provides relevant information about Celsius Holdings Inc.’s stock performance, revenue, and profit in the first quarter. It includes specific numbers and comparisons with analyst estimates. However, the article lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It stays on topic and supports its claims with data, but it does not provide actionable insights or solutions for the reader.
Financial Relevance: Yes
Financial Markets Impacted: Celsius Holdings Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Celsius Holdings Inc. and its impact on the stock market.
Public Companies: Celsius Holdings Inc. (CELH)
Key People: Not mentioned (Not mentioned)
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