Celsius Holdings reported strong Q2 2024 results with revenue increasing 23% to $402.0 million, driven by continued distribution gains and shelf space expansion in North America. Gross profit rose 32% to $209.1 million, with margins improving to 52% from 49% last year due to lower raw material and freight costs. Net income grew 55% to $79.8 million.The company expanded its international presence through new distribution partnerships, including Pepsi as exclusive distributor in Canada and Suntory for UK/Ireland markets. Marketing investments increased by $22.9 million while maintaining operational efficiency. Cash and equivalents stood at $903.2 million as of June 30, with operating cash flow of $174.3 million for the first half.Management continues to focus on strategic growth initiatives, including the March 2024 incentive program with Pepsi to align business expansion across the US. The company also signed agreements to enter Australia, New Zealand and France markets through Suntory partnerships, with sales expected to begin in Q4 2024. European revenues showed strong momentum, growing 40% to $16.7 million in Q2.

Celsius Holdings reported strong Q2 2024 results with revenue increasing 23% to $402.0 million, driven by continued distribution gains and shelf space expansion in North America. Gross profit rose 32% to $209.1 million, with margins improving to 52% from 49% last year due to lower raw material and freight costs. Net income grew 55% to $79.8 million.The company expanded its international presence through new distribution partnerships, including Pepsi as exclusive distributor in Canada and Suntory for UK/Ireland markets. Marketing investments increased by $22.9 million while maintaining operational efficiency. Cash and equivalents stood at $903.2 million as of June 30, with operating cash flow of $174.3 million for the first half.Management continues to focus on strategic growth initiatives, including the March 2024 incentive program with Pepsi to align business expansion across the US. The company also signed agreements to enter Australia, New Zealand and France markets through Suntory partnerships, with sales expected to begin in Q4 2024. European revenues showed strong momentum, growing 40% to $16.7 million in Q2.