Celsius Shares Jump as Alani Nu Deal Brings Record Sales

Celsius Holdings Inc. shares jumped after second-quarter sales eclipsed expectations, largely driven by the recently acquired Alani Nu brand.

Alani Nu’s business “continues to surpass expectations” while the core Celsius brand returned to growth, Truist analysts led by Bill Chappell wrote in a note. “In a earnings season full of disappointments, these results stand out.”