Celsius Holdings, Inc. - CELH STOCK NEWS

Celsius Holdings (CELH) reported Q3 2024 financial results showing revenue of $265.7 million, a 31% decrease from Q3 2023, primarily due to supply chain optimization by its largest distributor. Despite this, year-to-date revenue surpassed $1 billion, up 5% from 2023. The company's gross margin declined to 46.0%, down 440 basis points year-over-year. International sales grew 37% to $18.6 million. Notable developments include the acquisition of co-packer Big Beverages and continued market share growth, with Celsius holding an 11.6% energy drink category dollar share. The company maintained profitability despite challenges, though net income decreased 92% to $6.4 million.

Celsius Holdings (CELH) has acquired Big Beverages Contract Manufacturing for $75 million in cash, completing the transaction on Nov. 1, 2024. The acquisition includes a 170,000-square-foot modern manufacturing and warehouse facility in Charlotte, N.C. This strategic move aims to enhance supply chain control, accelerate innovation cycles, and increase production flexibility. Big Beverages, a longtime Celsius co-packer since 2019, will continue primarily manufacturing Celsius products, with its existing management team and workforce remaining in place. The acquisition is expected to provide per-case savings, improved margins, and earnings per share accretion potential.

Celsius Holdings (CELH) has scheduled the release of its third quarter financial results before market opening on Wednesday, Nov. 6, 2024. The company will host a conference call and webcast at 8 a.m. EST on the same day to discuss the results. Investors can access the webcast through the company's investor relations website, where downloadable files, audio replay, and transcript will be available within 24 hours after the call.

Celsius Holdings (NASDAQ: CELH) has appointed Israel Kontorovsky to its Board of Directors, where he will serve on the Audit and Enterprise Risk Committee. Kontorovsky, currently CFO of PepsiCo LatAm, was nominated by PepsiCo as its designee, replacing Jim Lee who departed in September 2024. With over 30 years of consumer packaged goods experience, Kontorovsky brings extensive international, financial, and operational expertise from leadership roles at PepsiCo, including Senior VP of Commercial Finance at PepsiCo Foods North America and CFO of Quaker Foods North America.

CELSIUS Holdings, Inc. (Nasdaq: CELH) has announced the introduction of two new flavors to its CELSIUS ESSENTIALS line at NACS Show 2024: Watermelon Ice and Grape Slush. These 16-ounce performance energy drinks will join the existing lineup, expanding it to eight flavors. The ESSENTIALS line, which debuted last year, features the METAPLUS® blend and added aminos to support physical and cognitive performance.

The new flavors are described as follows:

• Grape Slush: A classic slushy-inspired, icy grape flavor with a refreshing sweetness
• Watermelon Ice: A tart watermelon flavor with a candy-like sweetness

CELSIUS ESSENTIALS Grape Slush and Watermelon Ice will be available in early 2025. Additionally, CELSIUS will be exhibiting at NACS Show from Oct. 8-10, with MMA fighter Dustin Poirier hosting a fan meet and greet at their booth on Oct. 9.

Celsius Holdings, Inc. (Nasdaq: CELH), maker of CELSIUS® energy drinks, has announced the appointment of Hans Melotte to its board of directors as an independent director. Melotte, with over 30 years of experience in consumer goods companies, joins the board's Audit and Enterprise Risk Committee and Human Resources and Compensation Committee. He previously held executive roles at Starbucks and Johnson & Johnson.

Simultaneously, Jim Lee, a PepsiCo designee, has resigned from the Celsius Holdings board following his departure from PepsiCo. Lee's board seat will remain vacant until PepsiCo nominates a successor. Celsius Holdings Chairman and CEO, John Fieldly, expressed gratitude for Lee's service and welcomed Melotte, citing his strong operational experience and global perspective on CPG business growth.

Celsius Holdings (Nasdaq: CELH), maker of CELSIUS® energy drinks, has announced its participation in two upcoming investor conferences. The company will discuss quarterly business updates, category share, trends, and inventory topics related to the third quarter during fireside chats at these events:

1. Barclays 17th Annual Global Consumer Staples Conference on Sept. 4-5, 2024, with a fireside chat on Sept. 4 at approximately 12:00 p.m. EDT.

2. Piper Sandler Growth Frontiers Conference on Sept. 10, 2024, with a fireside chat at approximately 9:00 a.m. CDT.

Investors can join live webcasts of these events at the company's investor relations website. Replays will be available for at least 90 days after the original conference dates. Celsius Holdings uses its website and webcasts to disclose material information to the public in compliance with SEC regulations.

Zevia PBC (NYSE:ZVIA) has announced the appointment of Alexandre Ruberti to its Board of Directors, effective August 6, 2024. Ruberti brings extensive beverage industry experience, including 16 years in executive leadership roles at Red Bull. He currently serves as Managing Director Americas and General Manager USA at Waterdrop®, a company focused on disrupting the hydration industry.

Amy Taylor, President and CEO of Zevia, praised Ruberti's proven ability to develop strategies for sustainable growth in the beverage industry. Paddy Spence, Chair of the Board, highlighted Ruberti's deep industry experience and strong network as valuable assets for Zevia's next growth phase. Ruberti expressed enthusiasm for joining Zevia's board and contributing to the company's mission and growth strategy.

Celsius Holdings (CELH) reported record Q2 2024 financial results, with revenue up 23% to $402.0 million and gross profit up 32% to $209.1 million. Diluted EPS increased 65% to $0.28. The company's North American business drove growth, with international sales rising 30% to $19.6 million. Celsius led the energy drink category, contributing 47% of Q2 growth. Gross margin improved to 52.0%, up 320 basis points year-over-year. The company expanded its retail presence, increasing average SKUs per store from 15 to 20. Innovation continued with new flavors and CELSIUS Essentials reaching 64% ACV. International expansion progressed in the UK, Ireland, and Canada, with plans for Australia, France, and New Zealand in H2 2024.