Celsius stock spiked Friday after the energy drink maker topped Q4 estimates late Thursday and announced a $1.8 billion acquisition. Rival Monster Beverage is trending higher ahead of its earnings report next week.
Celsius Holdings reported an 18% decline in earnings to 14 cents per share adjusted, beating FactSet estimates for 12 cents. Revenue fell 4% to $332.2 million, also topping views for $326 billion.
Celsius reported that in tracked channels it was the No. 3 energy drink brand in the U.S. in 2024 with an 11.8% market share. Redbull and Monster hold the top two spots with a 36.6% share and 27.7% share, respectively. The company says it contributed 30.3% of all energy drink category growth in 2024.
Celsius also announced a deal to acquire competitor Alani Nutrition for a $1.8 billion in a cash-and-stock deal. Alani, a female-focused energy drink and wellness product firm, ranked 4th in terms of energy drink market share in 2024 with a 3.6% share, according to Celsius.
With the addition, Celsius expects the combined platform to drive around $2 billion in sales across the energy drink portfolio. The company expects Alani Nu to add "significant" topline growth and should boost cash EPS in the first full year of ownership.
"Together, we expect to broaden the availability of Alani Nu's functional products to help more people achieve their wellness goals," Celsius CEO John Fieldly said in the announcement.
Celsius Stock Jumps At The Open
CELH stock rallied about 28% Friday to jump above its 50-day line and move in on its 200-day moving average.
Meanwhile, rival Monster has rebounded almost 16% from its Feb. 5 low ahead of its Feb. 27 earnings report. FactSet analysts expect a 14% increase in earnings to 40 cents per share on about 4% revenue growth to $1.79 billion.
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