A high-profile sports sponsorship agreement moved Celsius' needle a bit, but the first earnings report with results from a revamped distribution system did most of the heavy lifting.
Recent innovations in the beverage space have led to massive profit growth.
As it stands, this is the worst year for the stock market since 2008. Shares of beverage company Celsius Holdings (NASDAQ: CELH), shoemaker Crocs (NASDAQ: CROX), and law enforcement technology company Axon Enterprise (NASDAQ: AXON) have already more than doubled from their 52-week lows and look poised for future gains. The company has been around for about two decades but only gained meaningful distribution and market share in recent years.