Celsius CEO John Fieldly joins Yahoo Finance Live to discuss the energy drink's second-quarter earnings beat, positioning in the energy drink sector, and its partnership with Pepsi.
What happened Shares of Celsius Holdings (NASDAQ: CELH) were climbing today after the fast-growing energy drink maker delivered a better-than-expected second-quarter earnings report last night. The stock closed up 9.
Triple-digit revenue growth and a bar-raising deal with pop star PepsiCo can do wonders for a stock's effervescence. With Celsius' unique proposition -- a line of flavored canned beverages that claim to help active drinkers burn calories by improving near-term metabolism rates -- this could be a financial workout that works out. Celsius has been pulling back its distribution overseas, and international sales shrank from 20% in the first half of last year to just 6% of the revenue mix this time around.