Celsius Holdings Inc Reports Stellar Revenue Growth in Q4 and Full-Year 2023

Feb 29 2024 05:01 PM IST

Celsius Holdings Inc reports a record $347 million, a 95% increase from Q4 2022. Full-year revenue hits $1,318 million, marking a 102% surge from the previous year. Celsius continues to strengthen its presence in the energy drink market with a focus on active lifestyles.

Q4 Revenue: Celsius Holdings Inc reports a record $347 million, a 95% increase from Q4 2022.Annual Revenue: Full-year revenue hits $1,318 million, marking a 102% surge from the previous year.Market Position: Celsius continues to strengthen its presence in the energy drink market with a focus on active lifestyles.Strategic Partnerships: The 20-year distribution agreement with PepsiCo underscores the company's expanding reach.Investor Communication: Management to discuss financial results in a conference call, reinforcing transparency and investor relations.
Warning! GuruFocus has detected 5 Warning Signs with CELH.
On February 29, 2024, Celsius Holdings Inc (NASDAQ:CELH) released its 8-K filing, announcing a remarkable close to the fiscal year with record-breaking fourth-quarter and full-year financial results. The company, known for its premium lifestyle energy drinks, has reported a significant 95% increase in fourth-quarter revenue, reaching $347 million, up from $178 million in the same quarter of the previous year. The full-year revenue also saw an impressive leap, doubling to $1,318 million from $654 million in 2022.
Company Overview and Market Strategy
Celsius Holdings operates within the energy drink subsegment of the global nonalcoholic beverage market, with a strong focus on North America, where it generates 94% of its revenue. The company's products, which include Celsius Originals beverages and Celsius On-the-Go powder packets, are formulated with natural ingredients and are designed to enhance metabolism, catering to fitness enthusiasts and those leading active lifestyles. Celsius Holdings has strategically positioned itself in the market by concentrating on branding and innovation, while outsourcing manufacturing, packaging, and distribution to third parties. A significant milestone for the company was the establishment of a 20-year distribution agreement with PepsiCo, which holds an 8.5% stake in Celsius Holdings, further solidifying its market presence and distribution capabilities.

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