Q2 2026 Celsius Holdings, Inc. Earnings Call Transcript
Key Points
- Celsius Holdings Inc (CELH) delivered second quarter revenue of $818 million, up approximately 11% year-over-year as a portfolio.
- Alani Nu surpassed $1 billion in retail sales in tracked channels in the first half of 2026, with tracked channel dollar growth of approximately 56% in the quarter.
- The Rockstar integration was completed on the nine-month timeline, with the brand now fully on the company's platform and showing early velocity gains.
- Dollars per point of distribution for Brand Celsius increased 16% from the first quarter to the second, despite a 7% reduction in points of distribution.
- Adjusted EBITDA for the first half was $380 million, up 36% year-over-year at approximately 23.7% of revenue.
- The company repurchased approximately $124 million of stock in the first half of 2026, reflecting confidence in cash flow return on investment.
- International markets, such as Sweden, delivered record sell-through, with nearly 3.5 million units purchased in a four-week period.
- Brand Celsius net sales declined approximately 12% year-over-year, with retail sales down 2% in tracked channels.
- The company expects Brand Celsius third-quarter performance to be similar to the second quarter, with a return to growth only exiting the year.
- Gross margin remained flat at approximately 48% due to ongoing commodity inflation, primarily aluminum, offsetting improvements.
- The company acknowledged that the SKU rationalization for Brand Celsius was too deep, potentially impacting sales more than necessary.
- Trade and promotional investment increased, with some inefficiencies in programming and negative mix and channel impacts.
- Shipment timing and inventory rebalancing in the DSD system accounted for roughly half of the gap between scan and reported results for Brand Celsius.
- The company faces a tough comparison for Alani Nu in the fourth quarter due to a prior-year inventory build, which may pressure reported growth.
Hello everyone thank you for joining us and welcome to the Celsius Holdings second quarter 2026 earnings conference call after today's prepared remarks we will host a question-and-answer session if you would like to ask a question please press star one on your telephone keypad to withdraw your question press star one again I will now hand the call over to Paul Wiseman Investor Relations at Celsius please go ahead.
Good morning and thank you for joining Celsius Holdings second quarter 2026 earnings webcast. With me today are John Fieldly, Chairman and CEO, Eric Hansen, President and Chief Operating Officer, Jared Langans, Chief Financial Officer, and Toby David, Chief of Staff. We'll take questions following the prepared remarks.
Our second quarter earnings press release was issued this morning with all materials available on our website. Ir.celsiusholdingsinc.com and on the SEC's website, sec.gov. An audio replay of this webcast will also be accessible
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