$Celsius(CELH.US) +8% pre-mkt after 3Q results beat estimates, and the company realigned its business structure as 3 sep…
$Celsius(CELH.US) +8% pre-mkt after 3Q results beat estimates, and the company realigned its business structure as 3 separate units: Core Celsius, Alani Nu, and Rockstar.
THIRD QUARTER RESULTS- Revs $847.2M, +17% y/y, vs $799.9M est- Adj Ebitda $198.6M vs $169.4M est- Adj EPS 41c vs. 34c est- Gross margin 46.8% vs. 48.1% estCOMMENTARY AND CONTEXT- CELSIUS brand revenue decreased by -6% to $356.8M vs $381.0M year ago due to SKU optimization initiatives, shipment timing related to inventory rebalancing, and softness in the club channel.- Alani Nu revenue increased +24% to $410.1M vs $332.0M YoY, due to increased distribution within the PepsiCo DSD system, the successful release of the limited-time Alani Nu Witch’s Brew flavors, and continued strong consumer demand.- Gross profit margin decreased to 46.8% from 51.3% YoY due to continued inflation in commodity costs, primarily aluminum and fuel, as well as a higher mix of DSD sales.The copyright of this article belongs to the original author/organization.
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