Celsius Holdings Stock Surges On Q4 Earnings Beat, Alani Nu Acquisition

Celsius Holdings Inc CELH reported fourth-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: Celsius reported fourth-quarter revenue of $332.2 million, beating analyst estimates of 327.97 million, according to Benzinga Pro. The company reported fourth-quarter earnings of 14 cents per share, beating analyst estimates of 11 cents per share.

Total revenue was down 4% on a year-over-year basis as North America revenue fell 6%. International revenue was up 39% year-over-year. Celsius retail sales increased 2% year-over-year and category market share came in at 10.9%, down 0.5% from the prior year’s quarter.

Celsius ended the quarter with $890.19 million in cash and cash equivalents.

“We are pleased that our strategic initiatives are driving long-term share gains and strong retail sales growth … We are investing behind our growth through targeted strategic investments in vertical integration and capital efficient expansion,” said Jarrod Langhans, CFO of Celsius Holdings.

What Else: Celsius also announced that it entered into a definitive agreement to acquire Alani Nutrition for $1.8 billion. The purchase price includes $150 million in tax assets for a net purchase price of $1.65 billion in cash and stock. Celsius noted that it expects the acquisition to be cash EPS accretive in the first year.

“We have deep respect for the strong community of supporters and fans Alani Nu has developed and the authentic brand and partnerships they have formed. Together, we expect to broaden the availability of Alani Nu’s functional products to help more people achieve their wellness goals with great-tasting, functional product options at more moments throughout their lives,” said John Filly, chairman and CEO of Celsius.

Celsius executives will further discuss the quarter and transaction details on a conference call with investors and analysts at 6 p.m. ET.

Price Action: Celsius shares were up 21.3% after hours, trading at $30.95 at the time of publication Thursday, per Benzinga Pro.

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