10 Growth Stocks Set to Soar on Market Share Gains

3 growth stocks poised for explosive growth: ELF, CELH, SMCI

10 Growth Stocks Set to Soar on Market Share Gains

ELF Beauty, Inc. (NYSE: ELF) is a company that sells affordable, cruelty-free, and vegan cosmetics and skincare products. The company recently released its second-quarter fiscal year results, which revealed strong growth across all three of its segments: color cosmetics, skincare, and international.

Color cosmetics grew the fastest, with net sales increasing by 20% year-over-year. This growth was driven by strong demand for the company’s new product launches, as well as its continued expansion into new markets.

Skincare also delivered robust growth, with net sales increasing by 17% year-over-year. This growth was driven by the company’s focus on developing innovative, clean, and affordable skincare products.

International sales grew by 14% year-over-year, aided by strength in the UK and Canada. The company is forecasting continued growth in international markets, as it expands its distribution and marketing efforts.

Celsius Holdings, Inc. (NASDAQ: CELH) is a company that produces and sells energy drinks. The company recently released its third-quarter earnings results, which showed strong growth across all channels.

Net sales increased by 21% year-over-year, driven by growth in both the US and international markets. The company’s flagship product, Celsius Energy Drink, is now the third-largest energy drink brand in the US, and the company is planning to expand its distribution internationally.