Celsius Holdings Inc. (NASDAQ:CELH) posted a blowout fourth quarter Thursday, handily surpassing Wall Street’s expectations on both earnings and revenue.
Celsius reported fourth-quarter adjusted earnings per share of 26 cents, beating the analyst consensus estimate of 20 cents. Quarterly sales of $721.628 million (+117% year over year) outpaced the Street view of $640.834 million.
Quarterly adjusted EBITDA gained 113% to $134.1 million.
Analysts’ Take
Bank of America Securities analyst Peter T. Galbo upgraded the stock from Underperform to Buy, raising the price forecast from $45 to $65.
Analyst Galbo said fourth-quarter results, driven by Alani Nu, beat expectations as the brand moved into PepsiCo, Inc.’s (NASDAQ:PEP) system.
He said the shift sets up solid momentum heading into 2026.
The analyst noted Core Celsius North America landed 2026 shelf-space gains of 17%, as outlined at CAGNY.
He said those gains should support strong consumption despite “inventory noise” in the second half of 2025.
Galbo said his prior Underperform call stemmed from valuation and tough comparisons, not doubts about the brand.
He added that the earlier rating did not reflect a bearish view on energy category growth.
The analyst raised his fiscal 2026 adjusted EBITDA estimate to $815.9 million from $746 million.
He credited stronger Alani Nu sales trends, with scanner data tracking ahead of his prior assumptions.
Galbo said the company reiterated its gross margin outlook in the low-50% range with improvement through the year.
He said he still models a 50.6% gross margin for fiscal 2026.
The analyst said nonalcoholic beverages remain his preferred way to play Consumer Staples this year.
He also said he likes the energy category and now aligns his rating with that view.
Galbo listed The Coca-Cola Company (NYSE:KO), Monster Beverage Corporation (NASDAQ:MNST) and The Vita Coco Company, Inc. (NASDAQ:COCO) among his top picks in the group.
He flagged ongoing inventory swings between Alani Nu and Celsius North America as a key risk.
The analyst said steady consumption should help investors look through the noise over time.
CELH Price Action: Celsius Holdings shares were down 1.22% at $53.46 at the time of publication on Friday, according to Benzinga Pro data.
Photo by MDV Edwards via Shutterstock
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