Celsius Holdings Surpasses Q4 Expectations with Strategic Alani Nu Acquisition
Celsius Holdings, Inc. (CELH) recently reported its Q4 2024 earnings, surpassing analyst expectations with earnings of $0.14 per share on $332 million in revenue, compared to consensus estimates of $0.10 per share and $327 million in revenue. The company also announced a significant acquisition of Alani Nu, a wellness brand specializing in energy drinks, supplements, and lifestyle products, for $1.65 billion. The deal, valued at 2.8 times Alani Nu’s 2024 revenue of approximately $595 million, is expected to bolster Celsius’ market share and drive combined sales above $2 billion. The acquisition news sent CELH stock surging 35% in after-hours trading.
Despite the positive Q4 results, Celsius faced challenges in 2024, with its stock declining 53% year-to-date due to a loss of market share in the U.S. and increased distributor incentives, which contributed to a 4.4% drop in revenue. North American sales fell 6% to $312 million, while international sales grew 39% to $20 million. The company’s gross margin improved by 240 basis points to 50.2%, and adjusted EBITDA margin rose slightly to 18.9%. Looking ahead, Celsius anticipates $50 million in synergies from the Alani Nu acquisition over the next two years.
Analysts suggest that despite the stock’s recent volatility and underperformance compared to the S&P 500, Celsius’ strategic moves and improved profitability metrics could position it for future growth. At its current valuation, trading below its three-year historical average, CELH stock may have further upside potential.
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Morgan Stanley holds Celsius stock at Equalweight, $42 target
Morgan Stanley holds Celsius stock at Equalweight, $42 target
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