Celsius Holdings, Inc. (Celsius) announced its 2024 Proxy Statement, highlighting a record-breaking revenue of $1.32 billion in 2023, a 102% increase from the previous year. The company's gross profit soared by 134% to $633 million, with net income attributed to common stockholders reaching $182 million, up from a $199 million loss in 2022. Adjusted EBITDA also saw a significant rise of 316% to $295.6 million. The financial performance was attributed to a combination of product appeal to health-minded consumers, a strong team, and supportive stockholders. Celsius now holds the #3 position among energy drink brands in the U.S., with over 75% of its growth incremental to the category. The brand's availability reached a 98% ACV, indicating its presence in nearly all retail locations tracked. The company's optimistic outlook...Show More

Celsius Holdings, Inc. (Celsius) announced its 2024 Proxy Statement, highlighting a record-breaking revenue of $1.32 billion in 2023, a 102% increase from the previous year. The company's gross profit soared by 134% to $633 million, with net income attributed to common stockholders reaching $182 million, up from a $199 million loss in 2022. Adjusted EBITDA also saw a significant rise of 316% to $295.6 million. The financial performance was attributed to a combination of product appeal to health-minded consumers, a strong team, and supportive stockholders. Celsius now holds the #3 position among energy drink brands in the U.S., with over 75% of its growth incremental to the category. The brand's availability reached a 98% ACV, indicating its presence in nearly all retail locations tracked. The company's optimistic outlook is supported by solid growth drivers and a foundation for future expansion. The Proxy Statement also includes the announcement of the Annual Meeting of Stockholders scheduled for May 28, 2024, which will be held virtually. Stockholders will vote on the election of directors, ratification of Ernst & Young LLP as the independent registered public accounting firm for 2024, and other business matters. The Board has fixed April 1, 2024, as the record date for stockholder entitlement to notice and voting at the Annual Meeting.