Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins: Details

Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading lower on Wednesday.

The company’s earnings per share in the third quarter was $0.00, missing the street view of $0.04. Quarterly sales of $265.70 million (down 31%) missed the analyst consensus of $267.11 million.

For the three months ended Sept. 30, gross profit decreased by 37% to $122.2 million. Gross profit margin decreased by 440 points to 46.0%.

The decrease in gross profit was due to promotional allowances, incentives, and other billbacks as a percentage of gross revenue.

“Pronounced supply chain optimization by our largest distributor, which we believe has largely stabilized, ...