Celsius Q4 revenue $347M (+95% YoY), swings to net income $39.1M from year-ago loss

Celsius Holdings, Inc.

2023-FY EPS reported $0.77 revenue$1,318,014,000

Q4 revenue $347.4M (+95% YoY); full-year revenue $1.318B (+102% YoY).
Q4 net income $39.1M ($0.17 EPS) vs loss of $28.2M ($0.12 loss) in Q4 2022.
Gross margin improved to 47.8% (Q4) and 48.0% (FY), up 340 and 660 bps respectively.
Adjusted EBITDA Q4 $65.2M (+387% YoY); FY $295.6M (+316%).
North America revenue +97% in Q4; International +68%; cash $756M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Celsius Holdings, Inc. reported the full year ended December 31, 2023 results: revenue $1,318 million, net income $182.0 million, EPS $0.77 per diluted share.

Period: the full year ended December 31, 2023
Revenue: $1,318 million
Net income: $182.0 million
EPS: $0.77 per diluted share
Result: reported results

Exact text from the filing

Reports Fourth Quarter and Full-Year 2023 Financial Results 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 --- Celsius Holdings, Inc. (Nasdaq: CELH), maker of Celsius ® , the premium lifestyle energy drink

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Celsius Holdings, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $347 million, net income $39 million, EPS $0.17 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $347 million
Net income: $39 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

Celsius achieved record fourth quarter revenue of $347 million, up 95% from $178 million for the prior year fourth quarter, driven predominantly by North American revenue, which increased 97% to $333 million, up from $169 million for the prior year fourth quarter. North American revenue was driven by expansion in total distribution points and higher SKUs per location. International revenue increased 68% to $14.6 million for the fourth quarter of 2023, from $8.7 million for the prior year quarter, driven in large part by new flavor launches, product availability and increased velocity. Gross profit for the fourth quarter of 2023 was $166 million, up 110% from $79 million for the prior year fourth quarter. Gross profit as a percentage of revenue was 47.8% for the three months ended December 31, 2023, up from 44.4% for the prior year fourth quarter. The 340 basis point improvement in gross profit margin was attributed to efficiencies in raw material sourcing, product waste reduction, and

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Source: SEC EDGAR

accession 0001341766-24-000016

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