Summary by Moomoo AI
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