Celsius Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 04:07 pm EDT
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Celsius Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 154.02 million compared to USD 65.07 million a year ago. Net income was USD 9.16 million compared to USD 0.78 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.01 a year ago.
For the six months, sales was USD 287.41 million compared to USD 115.11 million a year ago. Net income was USD 15.84 million compared to USD 1.37 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.02 a year ago.
Celsius Holdings, Inc. is engaged in the development, processing, marketing, sale, and distribution of functional energy drinks to a range of consumers. The Company's flagship asset, CELSIUS, is marketed as a fitness drink or supplement which, with exercise, is designed to accelerate metabolism and burn body fat while providing energy. This product line comes in two versions: a ready-to-drink form and an on-the-go powder form. The Company also offers a new CELSIUS Essentials line, available in 16-ounce cans. Celsius products are offered in retail channels across the United States, including conventional grocery, natural, convenience, fitness, mass market, vitamin specialty and e-commerce. Additionally, the Company's products are also offered in certain Canadian, European, Middle Eastern and Asia-Pacific markets. Its product's formulation includes ingredients and supplements such as green tea (EGCG), ginger (from the root), calcium, chromium, B vitamins and vitamin C.