Posted 2/29/2024, 3:30:00 PM
Celsius Soars on Strong Earnings Growth While Monster Beverage Sales Expand Overseas
- Celsius earnings beat expectations but revenue slightly missed; stock popped in possible short squeeze
- Celsius Q4 revenue up 95% to $347M; full-year rev up 102% to $1.3B
- Celsius top selling energy drink brand by dollar/unit growth at convenience/gas stores
- Monster Beverage earnings growth slowed but still up 22% YoY; Q4 sales rose 14%
- Morgan Stanley raised Monster price target on solid growth and international share gains