Celsius Holdings reported record third-quarter revenue of $847.2 million, up 17% year over year and above analyst expectations. Adjusted diluted earnings per share were $0.41, beating estimates but down 2% year over year. Gross margin fell 450 basis points to 46.8%, while adjusted EBITDA declined 3% to $198.6 million.
Results beat revenue and earnings-per-share estimates, but growth at Alani Nu and Rockstar did not prevent a decline at the CELSIUS brand and a year-over-year drop in gross margin.
Read the full storyRevenue and earnings per share topped estimates, but Alani Nu’s growth was offset by a decline in the CELSIUS brand and gross margin contraction to 46.8%.