Celsius Holdings Stock Earnings Reports

Key points for investors:

- Strong top-line: Celsius Holdings reported record Q1 2026 revenue of $783 million driven by portfolio strength across CELSIUS, Alani Nu and Rockstar. Combined portfolio dollar share in tracked channels reached ~20.9% (4 weeks ending Apr 12), meaning roughly 1 in 5 U.S. energy drinks sold is from the CELSIUS portfolio.

- Brand performance: CELSIUS net sales ~$348M (≈+6% YoY) with SKU optimization and fizz-free platform gaining traction; Alani Nu reported $368M in Q1 (reported ≈+60% YoY; scanner growth ~85–100% depending on adjustment) as distribution transitioned into PepsiCo’s DSD system; Rockstar revenue ~$67M and is in a stabilization year with integration expected complete in H1 2026.

- Integration and synergies: Alani integration completed with roughly $50M of synergies captured; Rockstar integration on track. SKU transitions and resets are largely finished and beginning to show velocity improvement.

- Profitability & margins: GAAP net income was $110M (vs $44M prior year). Adjusted EBITDA was $195M with adjusted EBITDA margin of 24.9% (up ~370 bps YoY). Gross margin was ~48.3% in Q1.

- Margin outlook & risks: Management retains a clear path to low-50s gross margin over time via sourcing, the orbit model, freight optimization, mix/pack architecture and manufacturing capacity additions (second NC line coming online in H2). Near-term risks include higher aluminum premiums (Midwest premium/LME), elevated freight and winter weather impacts; these could shift the timing of margin recovery (company expects a Q2 'sidestep' with more meaningful improvement in Q3/Q4).

- Capital allocation: Active buybacks—~700k shares repurchased in Q1 for $24.1M; ~$236.1M remaining on the $300M repurchase program. Capital priorities: invest behind brand growth/integrations, maintain balance sheet strength, return capital to shareholders.

- Growth initiatives: Continued focus on LTO-driven innovation (e.g., Alani Lime Slush, CELSIUS Electric Vibe tied to soccer), merchandising/resets to concentrate on highest-velocity SKUs, international expansion (CELSIUS launched in Spain with Suntory; Portugal next) and brand partnerships (Aston Martin F1, music festivals, motorsports).

- Investor takeaways: The business is scaling with improving operating leverage and delivered material margin expansion in Q1, but investors should monitor commodity/packaging inflation and the timing of integration-related benefits (Rockstar) and manufacturing capacity coming online.