Q3 2024 Celsius Holdings Inc Earnings Call Transcript
Key Points
- Celsius Holdings Inc (CELH) reported a 7.1% year-over-year increase in retail sales for Q3 2024, demonstrating strong consumer demand.
- The company continues to drive growth in the energy category, contributing more than 16% of all growth in the sector.
- Celsius Holdings Inc (CELH) expanded its international revenue by 37% in Q3 2024 compared to the same period last year.
- The company has launched new innovative flavors and products, such as on-the-go powders and new RTD flavors, which have been well-received by consumers.
- Celsius Holdings Inc (CELH) has made strategic investments, including the acquisition of Big Beverages, to enhance supply chain control and innovation capabilities.
- Total revenue for Q3 2024 decreased by 31% from the previous year, primarily due to distributor inventory optimization.
- Gross profit margins fell to 46% in Q3 2024 from 50.4% in the prior year period, impacted by inventory optimization and incentive programs.
- Sales and marketing expenses increased as a percentage of revenue due to reduced sales, impacting overall profitability.
- The company faces challenges with reduced unit velocity and softer macroeconomic conditions affecting revenue.
- Celsius Holdings Inc (CELH) experienced a significant decrease in adjusted EBITDA, down 96% to approximately $4.4 million from $103.6 million last year.
Thank you for standing by. My name is Jayel, and I will be your conference operator today. At this time. I would like to welcome everyone to the Celsius Holdings third-quarter 2024 earnings conference call. (Operator instructions)
I would now like to turn the conference over to Paul Wiseman, Senior Vice President of Investor Relations. Please go ahead, sir.
Good morning, and thank you for joining Celsius Holdings third-quarter 2024 earnings webcast. With me today are John Fieldly, Chairman and CEO; Jarrod Langhans, Chief Financial Officer; and Toby David, Chief of Staff. We'll take questions following the prepared remarks.
Our Q3 earnings press release was issued this morning with all materials available on our website, ir.celsiusholdingsinc.com and on the SEC's site, sec.gov. An audio replay of this webcast will also be accessible later today.
Today's discussion includes forward-looking statements based on current expectations and information. These
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
