Q2 2024 Earnings Summary
Reported on Jan 14, 2025 (Before Market Open)
Pre-Earnings Price$41.35Last close (Aug 5, 2024)
Post-Earnings Price$43.60Open (Aug 6, 2024)
Price Change
$2.25(+5.44%)
- Celsius is growing at 10 times the category growth rate, significantly outperforming the market and driving category growth.
- Celsius has over 15% market share in several key markets, demonstrating strong performance and potential for further share gains.
- Strong pipeline of product innovation planned for 2025, with positive retailer discussions, indicating future growth potential.
- The energy drink category's growth has significantly slowed down, increasing only 2% in the 4-week period ending July 14, 2024, compared to higher growth rates in previous quarters and years, indicating a potential plateau or decline in consumer demand.
- Celsius is experiencing market share contraction, with the company acknowledging "some share loss on the weekly data," and increased competition within the category, which could hinder future growth prospects.
- Macroeconomic headwinds and consumer pressures, such as higher interest rates and changing purchasing patterns, are impacting Celsius's performance, with consumers possibly shifting to other categories or reducing consumption, leading to uncertainties in the company's outlook.