Celsius Stock Soars as Drink Maker Buys Rival, Tops Sales Estimates | Global News Avenue

Celsius Holdings (Celh) The energy drink maker expanded women’s efforts by acquiring rival Alani Nu for a net purchase of $1.65 billion, with shares soaring 25%. The company also released financial results that exceeded expectations.

Celsius said the deal included $1.8 billion in cash and stock plus $150 million in tax assets. It was purchased from Alani Nu from co-founders Katy and Haydn Schneider and Congo Brands co-founders Max Clemons and Trey Steiger. Congolese brand operates Alani Nu. With the initial agreement, sellers may earn another $25 million in revenue based on their 2025 performance, Celsius noted.

Celsius CEO John Fieldly explained that the company expects the move to help expand the availability of Alani Nu products and “help more people have more moments in their lives to achieve it with great functional product choices.” Health goals.”

The deal is expected to close in the second quarter.

Together with Alani NU News, Celsius reported revenue of $332.2 million in the fourth quarter, a visible Alpha consensus. Adjustment Earnings per share (EPS) The estimated amplitude of $0.14 is insufficient.

Even with today’s progress, Celsius shares lost about half of their value last year.

Correction – This article has been updated to correct the title.