Celsius shares jump 8% on Q1 beat, reports record revenues

Celsius Holdings Inc (NASDAQ:) shares surged more than 8% after-hours following the company’s reported , with EPS of $0.40 coming in better than the consensus estimate of $0.19.

Revenue grew 95% year-over-year to $260 million, beating the consensus estimate of $218.31M. The revenue beat was driven predominantly by North American revenue, which rose 101% year-over-year to $249M.

According to CEO John Fieldly, the company posted all-time quarterly record revenue and over $34M in net income, driven by expanded availability and increased consumer awareness. Furthermore, the company continues to further transition into PepsiCo’s (NASDAQ:) best-in-class distribution system.