Celsius Reports Record $847.2 Million Quarter as Alani Nu Sales Rise
Photo: TokenPost
Alani Nu sales rose 58% as Celsius Holdings posted $847.2 million in record third-quarter revenue and an unadjusted profit, even as sales of Celsius and Rockstar softened. Overall revenue increased 17%. Alani Nu’s sales growth was stronger, while the company’s Celsius and Rockstar brands had softer sales. Gross margin fell 4.5 percentage points to 46.8%. Higher aluminum and fuel costs, along with a larger share of direct-store delivery sales, weighed on the measure. Sales in Nordic markets climbed by as much as 78%, while North American sales advanced 15%. John Kim reports on the digital-asset business for TokenPost.
Source: TokenPost
