Celsius Holdings, Inc. - CELH STOCK NEWS

Celsius Holdings, Inc. (Nasdaq: CELH) has appointed Alexandre Ruberti to its Board of Directors. With over 25 years in beverage sales and distribution, including a significant role at Red Bull, Ruberti's experience is expected to enhance Celsius’s strategic growth and profitability. CEO John Fieldly highlighted the board's ongoing evaluation for skills that drive growth. Ruberti will serve as an independent director until the 2021 annual shareholder meeting, bringing a wealth of industry knowledge and a commitment to operational excellence.

Celsius Holdings Inc. (Nasdaq: CELH) announced its addition to the S&P SmallCap 600 Index effective January 7, 2021. This inclusion recognizes the company's strong market capitalization and financial stability. CEO John Fieldly expressed pride in this achievement, anticipating benefits such as enhanced market visibility and increased liquidity for shareholders. Celsius, known for its CELSIUS® fitness drink, offers a range of functional beverages that are clinically validated for health benefits.

Celsius Holdings Inc. (NASDAQ: CELH) reported significant third-quarter financial results for 2020, showcasing an 80% increase in revenue, reaching $36.8 million, compared to $20.4 million in Q3 2019. North American revenue surged 60% to $26.9 million, driven by e-commerce growth. Internationally, revenue rose 172% to $10 million, largely from Nordic market expansion. Gross profit climbed 103% to $17.5 million, with a margin of 47.6%. However, fitness channel sales declined 23% due to the pandemic. Year-to-date revenue stands at $95.1 million, an 86.3% increase from 2019.

Celsius Holdings Inc. (Nasdaq: CELH) has launched an exclusive Kiwi-Guava-Lime flavor of its On-The-Go Powdered Sticks at 2,750 Walmart locations, complementing existing flavors. This expansion raises the total SKU offerings to six, as demand continues to rise. The company has also extended its distribution with Kroger, adding 1,100 new locations. According to recent SPINS data, Celsius shows impressive sales growth of 43.9% in convenience and 100.9% in grocery/mass channels, significantly outperforming market averages.

Celsius Holdings, Inc. (Nasdaq: CELH) will announce its third quarter financial results for the period ending September 30, 2020 on November 12, 2020, before the market opens. Management will host a conference call at 10:00 a.m. ET to discuss results with investors. CELH is known for its clinically proven fitness drinks, including CELSIUS® and its sub-brands, which emphasize health benefits and functional energy without sugar or artificial ingredients. The products are available nationally in major retailers and online.

Celsius Holdings Inc. (Nasdaq: CELH) is expanding its Direct Store Delivery (DSD) network by converting over 1,100 Target locations, enhancing sales volume and product availability. The DSD network now includes more than 135 regional partners, supporting a strong growth trajectory. Recent SPINS data shows CELSIUS® experiencing impressive year-over-year sales growth of 46.5% in convenience and 99.1% in grocery/mass channels. The conversion is expected to complete by Q4 2020, with anticipated coverage of 20% of retail doors through DSD distribution.

Celsius Holdings, maker of CELSIUS®, will present at the LD 500 Virtual Conference on September 2, 2020, at 10:40 a.m. ET. CEO John Fieldly will share insights during this live webcast. Interested participants can register through the provided link and view the slide presentation on the company’s website afterward. CELSIUS® is a leader in the fitness drink market, offering a range of healthy energy beverages backed by clinical research, with no sugar or artificial ingredients. For more information, visit their official website.

Celsius Holdings, Inc. (Nasdaq: CELH) has secured a direct private investment of $22 million from top investors, aimed at bolstering its growth in the health and wellness sector. The investment, expected to close by August 25, 2020, will facilitate the elimination of outstanding bonds related to their Func Food Group Oyj acquisition. Furthermore, Celsius is expanding its presence in 2,700 Speedway stores, anticipating an increase in annual contract value (ACV) over 15% post-rollout, showcasing strong growth potential.

Celsius Holdings (Nasdaq: CELH) announced a $22 million direct private investment from Boyu Capital and a global institutional investor, expected to close by August 25, 2020. This funding will eliminate outstanding bonds from its October 2019 Func Food Group acquisition and enhance working capital for growth opportunities. Celsius also plans to expand into Speedway, adding two SKUs across 2,700 stores, projecting an ACV increase of over 15%. The CEO emphasized the goal of maximizing shareholder value and expanding the brand's global presence.