Celsius Holdings, Inc., Reports Record Annual and Fourth Quarter 2022 Financial Results

Rhea-AI Summary

Celsius Holdings, Inc. (CELH) reported impressive financial results for the full year 2022, achieving $653.6 million in revenue, a significant 108% increase from $314.3 million in 2021. The fourth quarter also saw strong performance with revenue of $178.0 million, up 71% from $104.3 million in Q4 2021. This growth highlights the company’s successful positioning in the fitness drink market and its ability to capture a larger share of consumer spending. Celsius attributes its growth to a commitment to product innovation and expanding its distribution channels.

Positive

• Full year 2022 revenue increased by 108% to $653.6 million.
• Q4 2022 revenue reached $178.0 million, a 71% year-over-year increase.

Negative

• None.

Full year 2022 revenue of $653.6 million, up 108% from $314.3 million in 2021
Q4 Revenue of $178.0 million, up 71% from $104.3 million in Q4 2021

BOCA RATON, Fla., March 1, 2023 /PRNewswire/ -- Celsius Holdings, Inc., (Nasdaq: CELH), maker of the leading global fitness drink, CELSIUS®, today reported preliminary financial results for the fourth quarter ended December 31, 2022. Management will host a conference call today at 4:30 p.m. Eastern Time, to discuss the results with the investment community.

A PDF containing our fourth quarter 2022 results and full financial tables is available at:
https://www.celsiusholdingsinc.com/Q4_2022/

To participate in the conference call, please call one of the following telephone numbers at least 10 minutes before the start of the call:

US:	877-709-8150
International:	201-689-8354

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=mYPPakDe

Replay of the conference call can be accessed through the webcast link above for 90 days. Disclosures can be found on the Company's online disclosure portal at: https://www.celsiusholdingsinc.com/sec-filings/

About Celsius Holdings, Inc.
Celsius Holdings, Inc. (Nasdaq: CELH), is a global consumer packaged goods company with a proprietary, clinically proven formula for its master brand CELSIUS®. A lifestyle energy drink born in fitness and a pioneer in the rapidly growing energy category. CELSIUS® offers proprietary, functional, essential energy formulas clinically-proven to offer significant health benefits to its users. CELSIUS® is backed by six university studies that were published in peer-reviewed journals validating the unique benefits CELSIUS® provides. For more information, please visit: http://www.celsiusholdingsinc.com

Forward-Looking Statements
This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of Celsius Holdings' future results of operations and/or financial position, or state other forward-looking information. In some cases, you can identify these statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," "would," or similar words. You should not rely on forward-looking statements since Celsius Holdings' actual results may differ materially from those indicated by forward-looking statements as a result of a number of important factors. These factors include but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations affecting our business;  the Company's ability to satisfy in a timely manner, all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; and other risks and uncertainties discussed in the reports Celsius Holdings has filed previously with the Securities and Exchange Commission. Celsius Holdings does not intend to and undertakes no duty to update the information contained in this press release.

Investor Relations:
Cameron Donahue
(651) 707-3532
cdonahue@celsius.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/celsius-holdings-inc-reports-record-annual-and-fourth-quarter-2022-financial-results-301760092.html

SOURCE Celsius Holdings, Inc.

FAQ

What were Celsius Holdings' 2022 earnings results?

Celsius Holdings reported $653.6 million in total revenue for 2022, which is a 108% increase from 2021.

How did Celsius Holdings perform in the fourth quarter of 2022?

In Q4 2022, Celsius Holdings generated $178.0 million in revenue, up 71% from $104.3 million in Q4 2021.

What is the future outlook for Celsius Holdings?

Celsius Holdings continues to focus on product innovation and expanding its distribution, which could drive future growth.