Celsius

Q2 FY2026 EarningsQ2 FY2026 results missed consensus across key top and bottom-line metrics, with revenue of $817.9M missing the $870.1M expectation. Gross margin fell 340 bps YoY to 48.1%, slightly below the 48.6% consensus, driven by higher promotional activity and aluminum cost inflation. Normalized EPS of $0.36 (implied by adjusted results) missed the $0.42 mean estimate, primarily due to a $80.9M distributor termination fee and a 11.7% decline in the core CELSIUS brand revenue. Management noted significant inventory rebalancing and SKU optimization as headwinds to short-term growth.