Celsius Hldgs Inc Stock Price, News & Analysis

Celsius Holdings, Inc. (Nasdaq: CELH) announced significant changes to its Board of Directors following the Annual Meeting on August 19, 2021. Directors William Milmoe, Tom Lynch, and Kevin Harrington stepped down. John Fieldly, the company's CEO, has been appointed as Chairman. New board members include Damon DeSantis, Cheryl Miller, and Joyce Russell, each bringing extensive industry experience. These changes align with Celsius's Succession and Refreshment Policy to enhance corporate governance and support continued growth, with the company now valued at over $5 billion.

Celsius Holdings, Inc. (Nasdaq: CELH) reported record financial results for the second quarter ended June 30, 2021. This includes significant growth in revenues, reflecting the company's strong position in the fitness drink market. Celsius continues to innovate with its proprietary formulations, enhancing health benefits for users. The company maintains a diverse retail presence across major chains, contributing to its robust sales performance. Investors can find more details in the comprehensive financial report here.

Celsius Holdings, Inc. (Nasdaq: CELH) will report its second-quarter financial results on August 12, 2021, before the market opens. Following this, a conference call is scheduled for 10:00 a.m. ET to discuss the results with investors. Celsius is known for its CELSIUS® brand, a fitness drink with proven health benefits across five product lines, available at major retailers nationwide.

Celsius Holdings, Inc. (Nasdaq: CELH) has appointed Marcus Sandifer as Corporate Secretary. Sandifer brings extensive corporate law expertise from his previous role at DLA Piper, where he advised global companies in various sectors. He will oversee compliance with regulations and corporate governance, addressing the needs of the board amid Celsius's accelerated growth. Sandifer's background includes a strong foundation in supply chain management and human resources at PepsiCo and Nestle Waters.

Celsius Holdings, Inc. (Nasdaq: CELH) has launched a new flavor, Tropical Vibe, combining starfruit and pineapple for summer refreshment. Initially available in over 5,000 7-Eleven locations, Tropical Vibe aims to appeal to the growing fitness drink market. The company reported impressive sales growth, with a 193% increase year-over-year for 2 weeks and 151.4% for 12 weeks. Celsius is also the #1 fastest growing brand in the grocery sector. The launch coincides with a marketing campaign that includes celebrity events and outdoor activations.

Celsius Holdings, Inc. (Nasdaq: CELH) announced a public offering of 6,518,267 common stock shares priced at $62.50 each. This includes 5,518,267 shares from selling stockholders and 1,000,000 shares from Celsius. A 30-day option for underwriters to purchase an additional 977,740 shares is also granted. Celsius will not receive proceeds from the selling stockholders' shares and plans to utilize its net proceeds for general corporate purposes. The offering is expected to close on June 14, 2021.

Celsius Holdings, Inc. (NASDAQ: CELH) announced a public offering of 6,518,267 shares of common stock, including 5,518,267 shares from selling stockholders and 1,000,000 shares from the company. Additionally, selling stockholders may grant underwriters a 30-day option for 977,740 more shares. Celsius will not receive proceeds from the selling stockholders' shares, intending to use its portion of the offering proceeds for general corporate purposes. The offering is subject to market conditions and is facilitated by UBS Investment Bank and Jefferies.

Celsius Holdings, Inc. (Nasdaq: CELH) has announced the appointment of Ernst and Young (EY) as its new independent registered public accounting firm, effective with the filing of the Quarterly Report for the quarter ended June 30, 2021. This decision was approved by the Audit Committee of the Board of Directors. Assurance Dimensions, the former accounting firm since 2017, provided unqualified reports on the company's financial statements. The transition aims to be seamless, and the company expresses gratitude for the services rendered by Assurance Dimensions.