Q1 2025 Celsius Holdings Inc Earnings Call Transcript
Key Points
- Celsius Holdings Inc (CELH) successfully closed the acquisition of Alani Nu, adding a second billion-dollar brand to its portfolio.
- International revenue grew 41% to $22.8 million, demonstrating strong organic growth in both legacy and new markets.
- Gross margin expanded by 110 basis points to 52.3%, supported by sourcing efficiencies for raw and packaging materials.
- Celsius Holdings Inc (CELH) captured a 16.2% dollar share in the energy drink category, an 81-basis point increase year-over-year.
- The company launched new products, including CELSIUS HYDRATION, expanding into the fast-growing $1.4 billion hydration powder category.
- First quarter revenue declined by 7% compared to the prior year, totaling $329.3 million.
- The company faced slowed velocity in the first quarter, impacting overall sales performance.
- Increased competition and strong pricing actions by other category players posed challenges.
- Selling, general, and administrative expenses increased to $120.3 million, reflecting transaction-related expenses and continued investment.
- Non-GAAP adjusted EBITDA margin decreased to 21.2% from 24.7% in the prior year, driven by organizational investments.
Good morning, ladies and gentlemen, and welcome to the Celsius Holdings first-quarter 2025 earnings conference call. (Operator Instructions) I'd now like to hand the call over to Paul Wiseman, Investor Relations. Please go ahead.
Good morning, and thank you for joining Celsius Holdings first-quarter 2025 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 first quarter earnings press release was issued this morning with all materials available on our website, ir.celsiusholdingsinc.com, and on the SEC 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 statements involve risks and uncertainties, many beyond the company's control. Celsius Holdings disclaims any duty to update forward-looking statements,
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