Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading higher on Friday.On Thursday, the company reported second-quarter adjusted earnings per share of 47 cents, beating the analyst consensus estimate of 23 cents. Quarterly sales of $739.259 million (+84% year over year) outpaced the Street view of $633.582 million.The sales increase was primarily driven by $301.2 million of revenue from the Alani Nu brand, acquired on April 1.Also Read: PepsiCo Delivers The Fizz In Q2, Sweetens Outlook On Subdued Dollar HeadwindNeedham analyst Gerald Pascarelli reiterated the Buy rating on the stock, raising the price forecast from $55 to $60.Pascarelli noted that after a standout quarter and simultaneous market share gains in both its core offerings and the Alani brand, ...Full story available on Benzinga.com
Celsius Leverages Alani Nu And Zero-Sugar Trends To Capture New Market Share
