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Celsius Holdings, Inc. develops and markets energy drinks within the nonalcoholic beverage market, with a portfolio that includes CELSIUS, Alani Nu and Rockstar Energy. Company news commonly covers quarterly and annual results, brand integration, distribution within the PepsiCo system, U.S. energy-category positioning and product or wellness partnerships that extend the brands across consumer channels.
Updates also include investor conference appearances, earnings-call schedules, capital allocation such as share repurchases, and governance changes tied to board appointments and PepsiCo nomination rights.
Celsius Holdings and PepsiCo have announced a definitive long-term distribution agreement effective August 1, 2022. This agreement will transition Celsius' U.S. distribution to PepsiCo's established capabilities, enhancing market access. PepsiCo will also invest $550 million in Celsius via convertible preferred stock, giving it an 8.5% ownership stake with a 5% annual dividend. Celsius anticipates increased shelf space and growth opportunities as a result of this partnership, positioning both companies for success in the energy beverage market.
Celsius Holdings, Inc. (Nasdaq: CELH) announced its participation in two significant investor conferences. The first is the Evercore ISI Consumer & Retail Conference on June 7, 2022, featuring CEO John Fieldly and CFO Jarrod Langhans at 12:30 PM ET. The second is the Stifel 2022 Cross Sector Insight Conference on June 9, 2022, with presentations by Fieldly and EVP Toby David at 10:20 AM ET. Interested investors can access the webcasts through provided links. Celsius is known for its CELSIUS® energy drink, which offers health benefits supported by clinical research.
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Celsius Holdings, Inc. (Nasdaq: CELH) has announced its participation in two significant investor conferences. The company will present at the Credit Suisse HALO Investment Summit on May 25, 2022, featuring a fireside chat with CEO John Fieldly and CFO Jarrod Langhans at 9:00 AM ET. Following this, Celsius will participate in the B. Riley Securities 22nd Annual Institutional Investor Conference on May 26, 2022, with one-on-one meetings led by Investor Relations Officer Cameron Donahue. For further details, visit the Celsius website.
Celsius Holdings, Inc. (Nasdaq: CELH) will present at the Goldman Sachs Global Staples Forum on May 17, 2022. Celsius CEO John Fieldly will engage in a fireside chat with beverage analyst Bonnie Herzog at 8:55 a.m. ET, which can be accessed via a live audio webcast. Celsius is known for its leading fitness drink, CELSIUS®, which is backed by clinical studies highlighting its health benefits. For more details, visit the official Celsius website.
Celsius Holdings has partnered with CycleBar, the largest indoor cycling franchise, to become its official energy drink. This collaboration allows CycleBar riders to access Celsius drinks in studios nationwide, enhancing their workout experience. Celsius drinks are known for boosting metabolism and aiding in fat burning, aligning with CycleBar's mission to promote an active lifestyle. Both companies share a commitment to community and fitness, making this partnership a strategic move for promoting health and energy during workouts.
Celsius Holdings, Inc. (NASDAQ: CELH) reported a record revenue of $133.4 million for Q1 2022, a significant increase of 167% compared to $50.0 million in Q1 2021. Domestic revenue surged 217% to $123.5 million, while international revenue declined 10% to $9.9 million. The company continues to expand its presence in the fitness drink sector, backed by six clinically validated studies. The financial results will be discussed in a conference call scheduled for May 10, 2022, at 4:30 p.m. Eastern Time.
Celsius Holdings, Inc. (NASDAQ: CELH) announced it will release its financial results for Q1 2022 on May 10, 2022, after market close. Following the release, management will hold a conference call at 4:30 p.m. ET to discuss the results with investors. Celsius is known for its CELSIUS® fitness drink, backed by clinical studies demonstrating health benefits. Investors can join the call through designated telephone numbers or via webcast.
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.