Record fourth quarter revenue of $347 million, up 95% from $178 million in Q4 2022
Record full-year revenue of $1,318 million, up 102% from $654 million in full-year 2022
BOCA
RATON, Fla., Feb. 29,
2024 /PRNewswire/ -- Celsius Holdings,
Inc. (Nasdaq: CELH), maker of Celsius®, the premium
lifestyle energy drink formulated to power active lifestyles with
ESSENTIAL ENERGY™, today reported record fourth quarter and
full-year 2023 financial results.
A supplement containing Celsius' fourth quarter and full-year
2023 results and full financial tables is available at
https://celsiusholdingsinc.com/Q4_2023.
Management will host a conference call today at 10:00 a.m. ET to discuss the results with the
investment community. 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) 709-8150
International: +1 (201) 689-8354
Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=gvxb9rgY
A replay of the conference call can be accessed through the
webcast link above for six months. 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 the maker of energy drink
brand CELSIUS®, a lifestyle energy drink born in fitness
and a pioneer in the rapidly growing energy category. For more
information, please visit www.celsiusholdings.com.
Forward-Looking Statements
This press release may
contain statements that are not historical facts and are considered
forward-looking statements 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 or financial position, or state other forward-looking
information. In some cases, you can identify these statements by
the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "should," "will," "would",
"could", "project", "plan", "potential", "designed", "seek",
"target", and variations of these terms, the negatives of such
terms and similar expressions. You should not rely on
forward-looking statements because 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; our expectations of revenue; operating
costs and profitability; our expectations regarding our strategy
and investments; our expectations regarding our business, including
market opportunity, consumer demand and our competitive advantage;
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 (the "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 SEC, such as its Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. Forward looking statements speak only as of the date the
statements were made. Celsius Holdings does not undertake an
obligation to update forward-looking information, except to the
extent required by applicable law.
Contacts
Investor Relations
Paul Wiseman
investorrelations@celsius.com
Media Relations
press@celsius.com
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SOURCE Celsius Holdings, Inc.