Van Sinderen observed:
“CELH reported 3Q results AMC on 11/8 with sales that substantially exceeded and EBITDA/ EPS that came in below, due largely to investment to grow China (pro forma EBITDA doubled to positive $2.2M, excluding investment in Kong distributor). Sales grew 54% in 1Q while up 32% for 1H. Domestic revenue grew 92% to $11.4M, which was roughly what we were modeling for the company’s total revenue. Demand for the company’s product remains strong. GM came in at 41.5% (above our estimate of 40.5%), impacted by slotting fees and similar costs in international. The Nordics continued to normalize (sell-throughs remained positive) in the wake of recent inventory rebalancing, along with disruption from new flavors that required label changes.”
According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -0.7% and a 42.6% success rate. Sinderen covers the Services sector, focusing on stocks such as Tuesday Morning, Tilly’s Inc, and Kirkland’s.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celsius Holdings Inc with a $7.50 average price target, an 86.1% upside from current levels. In a report released today, Maxim Group also maintained a Buy rating on the stock with a $8 price target.
Based on Celsius Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.35 million. In comparison, last year the company had a GAAP net loss of $1.62 million.
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Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.