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Celsius Holdings, Inc., Reports Record First Quarter 2023 Financial Results

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Celsius Holdings, Inc. reports record first quarter revenue of $260 million, a 95% increase from Q1 2022.
Positive
  • First quarter revenue increased by 95% to $260 million.
  • North America revenue saw a significant increase of 101% to $249 million.
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Record first quarter revenue of $260 million, up 95% from $133 million in Q1 2022
North America revenue increased 101% to $249 million, up from $124 million in Q1 2022

BOCA RATON, Fla., May 9, 2023 /PRNewswire/ -- Celsius Holdings, Inc., (Nasdaq: CELH), maker of the leading global fitness drink, CELSIUS®, today reported preliminary financial results for the first quarter ended March 31, 2023. 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 first quarter 2023 results and full financial tables is available at:
https://www.celsiusholdingsinc.com/Q1_2023

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

Toll Free:

877-545-0320

International:

973-528-0002

Participant Access Code:

834155

Webcast: https://www.webcaster4.com/Webcast/Page/2410/48358

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/celsius-holdings-inc-reports-record-first-quarter-2023-financial-results-301820093.html

SOURCE Celsius Holdings, Inc.

FAQ

What is the first quarter revenue of Celsius Holdings, Inc.?

The first quarter revenue of Celsius Holdings, Inc. is $260 million.

How much did the North America revenue increase in Q1 2023?

The North America revenue increased by 101% to $249 million in Q1 2023.

Where can I find the full financial tables for Q1 2023?

The full financial tables for Q1 2023 can be found at https://www.celsiusholdingsinc.com/Q1_2023.

How can I participate in the conference call to discuss the results?

To participate in the conference call, please call one of the following telephone numbers: Toll Free: 877-545-0320, International: 973-528-0002. The participant access code is 834155.

Is there a replay of the conference call available?

Yes, a replay of the conference call can be accessed through the webcast link provided for 90 days.

Where can I find the company's disclosures?

The company's disclosures can be found on their online disclosure portal at https://www.celsiusholdingsinc.com/sec-filings/.

Celsius Holdings, Inc.

NASDAQ:CELH

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Soft Drink Manufacturing
Manufacturing
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United States of America
BOCA RATON

About CELH

celsius is a proven fitness drink backed by multiple university studies. celsius accelerates metabolism, burns body fat & calories and provides healthy energy. celsius product attributes · no sugar · no preservatives · no high fructose corn syrup · no artificial colors · no artificial flavors · 100% of 7 essential vitamins · gluten-free · kosher certified winner of 15 international awards for great taste and innovation, celsius is available in seven delicious flavors, carbonated and non carbonated, and also in powder stick packets that can be mixed with water.