CELH · Celsius Holdings, Inc.

Celsius Holdings delivered exceptional Q1 2026 results with revenue surging 138% to $782.6 million, primarily from the April 1, 2025 acquisition of Alani Nu contributing $368.1 million and August 28, 2025 acquisition of Rockstar Energy adding $66.6 million. The core CELSIUS brand grew 6% YoY despite integration challenges. North America drove 144% growth to $747.3 million, while international revenue expanded 55% to $35.3 million across Nordics, UK, Ireland, France, Australia, New Zealand, and Benelux. Gross margin compressed 400 basis points to 48.3% due to the lower-margin profiles of acquired brands, though underlying COGS improved sequentially from Q4 2025 via raw material alignment and purchasing structure integration. Management highlighted progress on margin expansion initiatives including the orbit model, freight optimization, and price-pack architecture, partially offset by rising commodity costs. SG&A rose 95% to $234.6 million (30% of revenue vs. 36.5% prior year), with adjusted SG&A at 26.4% excluding litigation and acquisition costs. Net income climbed 148% to $110.1 million, boosting diluted EPS 120% to $0.33 (adjusted $0.41). Retail performance showed portfolio sales up 29.8% in U.S. MULO+ channels, securing 20.9% dollar share in RTD energy, with Alani Nu doubling sales to 9.0% share and CELSIUS at 9.9%. As PepsiCo's U.S. energy captain, CEO John Fieldly emphasized scaled portfolio momentum and brand integration. The company repurchased $24.1 million in shares, underscoring capital discipline. A webcast and investor presentation were provided at ir.celsiusholdingsinc.com.