CNBC’s Jim Cramer recommended Coca-Cola over Celsius Holdings after Celsius reported weaker-than-expected Q2 earnings of $817.9 million.
Jim Cramer advised investors to favor Coca-Cola (KO) over Celsius Holdings (CELH) during CNBC’s August 20, 2026 Lightning Round. His reversal follows Celsius’s Q2 revenue of $817.9 million, missing analyst estimates of $886 million and posting earnings of $0.36 per share, below the $0.43 forecast.
Cramer previously endorsed CELH in November 2023 and May 2024, citing its market share gains. The shift aligns with an activist investor campaign pushing for leadership changes amid a 16% stock rally over the past month.
Shares of Celsius have surged recently, but Cramer’s pivot to KO underscores concerns over the company’s growth trajectory and earnings performance.