On May 7, 2024, Celsius Holdings, Inc. (CELH), headquartered in Boca Raton, Florida, released its financial results for the first quarter ended March 31, 2024. The company reported a record first quarter with revenue of $355.7 million, a 37% increase from the previous year, and a gross profit of $182.2 million, up 60% year over year. Diluted earnings per share (EPS) also saw a significant rise of 108% to $0.27. The North American market was a primary driver of this growth, contributing 37% to the revenue increase, while international sales grew by 43%. The company's gross margin improved to 51.2%, attributed to lower freight and materials costs. Celsius' management hosted a conference call on the same day to discuss the results with the investment community. The company also provided a First Quarter...Show More

On May 7, 2024, Celsius Holdings, Inc. (CELH), headquartered in Boca Raton, Florida, released its financial results for the first quarter ended March 31, 2024. The company reported a record first quarter with revenue of $355.7 million, a 37% increase from the previous year, and a gross profit of $182.2 million, up 60% year over year. Diluted earnings per share (EPS) also saw a significant rise of 108% to $0.27. The North American market was a primary driver of this growth, contributing 37% to the revenue increase, while international sales grew by 43%. The company's gross margin improved to 51.2%, attributed to lower freight and materials costs. Celsius' management hosted a conference call on the same day to discuss the results with the investment community. The company also provided a First Quarter 2024 Investor Presentation. Celsius highlighted its market share growth in the energy drink category, reaching 11.5% as of April 14, 2024, and detailed its successful product innovations and marketing strategies. The company's international expansion plans include entering new markets such as Australia, France, Ireland, New Zealand, and the United Kingdom in 2024. The financial report was furnished as Exhibit 99.1, and the investor presentation as Exhibit 99.2, to the Current Report on Form 8-K filed with the SEC.