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Why Celsius Holdings Stock Popped More Than 20% Higher Today

TheMotleyFool

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Shares of health-conscious energy drink brewer Celsius Holdings (NASDAQ: CELH) bubbled higher on Wednesday, following a hyper-caffeinated earnings report. As of 11:30 a.m. ET today, the morning's gain peaked at 22%.

Second-quarter sales rose 112% year over year, landing at $326 million. At the same time, economies of scale plus lower packaging and ingredient costs lifted Celsius' gross margin from 39% to 49%. As a result, earnings per diluted share skyrocketed from $0.12 to $0.52, a 333% year-over-year increase.

Your average Wall Street analyst would have settled for earnings near $0.29 per share on top-line revenue in the neighborhood of $275 million. Celsius left those targets far behind.

Source Fool.com

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