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One Stock to Watch for Thursday, July 21

July 20, 2022 by Michael Whitman

Celsius Holdings, Inc. (Nasdaq: CELH)

Celsius Holdings, Inc. (Nasdaq: CELH) develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally.

Supported by several clinical studies that show its drinks and on-the-go powder help burn up to 140 calories per 12-ounce serving, Celsius has delivered annualized sales growth of 74% over the last five years.

Incredibly enough, though, this growth accelerated to 167% companywide during the first quarter of 2022 — with an even higher mark of 217% domestically.

Leading this charge was an 88% increase in convenience store locations, which helped grow its total door count by 53% to over 140,000 in the United States. 

Thanks to this incredible growth, Celsius now holds a 4% share of the U.S. energy drink market, which should grow by around 7% annually over the next five years.

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