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Celsius Holdings, Inc. (Nasdaq: CELH) is a leading player in the global nonalcoholic beverage market, specializing in energy drinks that promote fitness and active lifestyles. Founded with a mission to provide healthier energy options, Celsius offers a range of products designed to accelerate metabolism, burn body fat and calories, and provide sustained energy without the downsides of sugar, preservatives, or artificial additives.
The company's flagship brand, CELSIUS®, is available in various formats, including carbonated and non-carbonated drinks, as well as convenient powder sticks that can be mixed with water. CELSIUS® drinks come in seven delicious flavors and are enriched with essential vitamins, making them a popular choice among fitness enthusiasts. The products are 100% gluten-free and kosher certified.
Celsius Holdings has been recognized with 15 international awards for taste and innovation. The company's commitment to quality and efficacy is backed by six university studies published in peer-reviewed journals. These studies validate the health benefits of CELSIUS®, further bolstering the brand's reputation.
In terms of business operations, Celsius Holdings focuses on branding and innovation while outsourcing manufacturing, packaging, and distribution to third parties. The company made a significant strategic move in 2022 by signing a 20-year distribution agreement with PepsiCo, which also holds an 8.5% stake in Celsius Holdings. This partnership aims to expand the company's reach, initially in North America and recently into Canada and parts of Europe.
Recent Achievements and News:
- On November 7, 2023, Celsius reported its third-quarter financial results, highlighting strong performance and continued growth. A replay of the conference call discussing these results is available for 90 days.
- In January 2024, Celsius announced its expansion into Canada, the United Kingdom, and Ireland, with PepsiCo serving as the exclusive distributor in Canada.
- On February 9, 2024, Celsius entered a global multi-year partnership with Scuderia Ferrari, becoming the official energy drink of the Formula 1 racing team.
- On February 22, 2024, the company announced its fourth-quarter and full-year 2023 financial results, showcasing record performance.
- In March 2024, Celsius revealed plans to expand into Australia and New Zealand, partnering with Suntory Oceania for manufacturing and distribution.
- Celsius reported record first-quarter 2024 financial results on May 7, 2024, with significant revenue growth and market share gains.
With a focus on innovation, strategic partnerships, and international expansion, Celsius Holdings, Inc. continues to solidify its position in the rapidly growing energy drink market.
Celsius Holdings, Inc. (Nasdaq: CELH) announces the retirement of CFO Edwin Negron Carballo, effective January 31, 2023. Jarrod Langhans, previously CFO at Primo Water, steps in as the new CFO as of April 18, 2022. Negron Carballo has been with Celsius since 2018, contributing significantly to the company's financial strategy. Langhans brings over 20 years of experience in finance and management, expected to enhance Celsius's initiatives in the energy beverage market.
Celsius Holdings, Inc. (Nasdaq: CELH) announced preliminary financial results for Q4 and the full year ended December 31, 2021. Despite reporting significant growth, including a $3,180,000 increase in share-based compensation for Q2 2021 and $12,116,000 for Q3 2021, the company faced challenges with staffing and material errors in prior filings. They filed for a 15-day extension for their Form 10-K, with future results subject to change.
Management has recognized weaknesses in internal controls and is taking steps to address these issues.
Celsius Holdings, Inc. (Nasdaq: CELH) will announce its fourth quarter and full year financial results for 2021 on March 1, 2022, after market close. Following the announcement, management will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Celsius is known for its fitness drink CELSIUS®, which offers clinically proven formulas and is widely available across major retailers, including Target and Walmart. Investors are encouraged to participate in the call to gain insights into the company’s performance and future outlook.
CELSIUS Holdings, Inc. (Nasdaq: CELH) announces the launch of its exclusive new flavor, Sparkling Mango Passionfruit, available at participating 7-Eleven and Speedway stores. This energy drink contains zero sugars, zero preservatives, and includes seven essential vitamins, making it a healthy alternative for energy seekers. Through February 22, 2022, customers can purchase two CELSIUS drinks for $4.25. A promotional offer from January 31 to February 6 will provide a free drink via the 7NOW delivery app. This partnership aims to enhance CELSIUS's market presence and meet consumer demands.
Celsius Holdings (Nasdaq: CELH) announced its participation in the Morgan Stanley Virtual Global Consumer & Retail Conference on November 30, 2021. CEO John Fieldly and CFO Edwin Negron will lead institutional investor meetings and host a publicly accessible fireside chat at 10:15 AM ET. Celsius is recognized for its healthy energy drinks, which contain no sugar, artificial preservatives, or high fructose corn syrup. The company is available in national retailers including Target, Walmart, and GNC.
Golden Grail Technology (OTC: GOGY) has announced the hiring of beverage industry expert Erin Heit to advance its beverage portfolio. Heit, with over 20 years of experience, previously held key roles at Glacéau Vitaminwater, FUZE Beverage, and as VP of Marketing for Celsius (NASDAQ: CELH). She aims to contribute to the company’s strategy of identifying and acquiring brands in emerging categories, focusing on financial responsibility and effective marketing. GOGY is positioning itself uniquely by managing its beverage brands with an emphasis on economics and distribution.
Celsius Holdings, Inc. (Nasdaq: CELH) has announced its participation in the Jefferies Virtual West Coast Consumer Conference on November 17, 2021. The live presentation will take place at 3:40 PM ET and can be accessed via the provided webcast link. Celsius is known for its flagship fitness drink, CELSIUS®, which offers a variety of functional and healthy energy beverages, all free from sugar and artificial additives. For more information, visit their website.
Celsius Holdings, Inc. (NASDAQ: CELH) announced record financial results for Q3 2021, ending September 30. The press release highlights substantial growth metrics, including increases in sales and revenue driven by heightened consumer demand for the CELSIUS® fitness drink. Management will hold a conference call at 10:00 a.m. ET to discuss these results with investors. The company focuses on expanding its market presence and remains committed to its innovative health-oriented product lines.
Celsius Holdings, Inc. (Nasdaq: CELH) will release its third quarter financial results on November 11, 2021, before market open. Following this, a conference call will take place at 10:00 a.m. ET to discuss the results with investors. Celsius, known for its CELSIUS® fitness drink, emphasizes its commitment to clinically proven, healthy energy beverages. The company’s products are sugar-free, non-GMO, and available nationally in major chains and online.
Celsius Holdings, Inc. (Nasdaq: CELH) will participate in the NACS show from October 6-8, 2021, at McCormick Place in Chicago, highlighting its growth in the convenience store sector. The company has expanded its store count in this channel by 88% over the last year, with over 48,000 locations now carrying its CELSIUS® brand. ACV has also surged to 37.7% from 20.3% last year, suggesting robust market penetration and distribution potential. CEO John Fieldly expressed optimism for the event, anticipating further growth due to the convenience channel's dominance in energy drink sales.
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