Key Facts on Amazon and Celsius Holdings
Amazon (NASDAQ: AMZN) and Celsius Holdings (NASDAQ: CELH) are set to release new quarterly results soon, with Amazon reporting on July 27, 2023, and Celsius in early August. Over the past year, Amazon’s stock has increased by 8%, while Celsius has declined by 35%.
Amazon’s net sales rose 17%, marking its most substantial growth in four years, with analysts predicting another 17% increase in its upcoming report. In contrast, Celsius, having acquired Alani Nu for $1.65 billion, generated $783 million in revenue in its first quarter of this year, significantly up from $329 million a year ago.
As analysts forecast Celsius to report 18% revenue growth despite a dip in earnings, and with Amazon benefiting from its cloud services contributing to operating profit, both companies are positioned as key players to watch in their respective markets.
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