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Why Celsius Holdings Stock Jumped Today

TheMotleyFool

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Fitness and health drink maker Celsius Holdings (NASDAQ: CELH) reported first-quarter 2021 results today that showed volume and sales growth has continued to accelerate. Investors cheered the report, sending shares up 14.5% as of 3 p.m. EDT.

The Florida-based maker of drinks used by athletes and fitness buffs reported revenue in the first quarter jumped 78% over the year-ago quarter, led by sales growth in North America. Net income edged up 7% compared to the prior year period. The results follow a strong 2020, where full-year revenue grew 74% year over year, and it was announced the company would join the S&P SmallCap 600 index.

Image source: Getty Images.

Source Fool.com

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