Celsius Holdings CELH Q3 2026: Alani Nu Overtakes CELSIUS Brand

Celsius Holdings posted record quarterly revenue of $847.2 million in Q3 2026, beating the $800.7 million analyst consensus and growing 16.8% year over year. Adjusted diluted EPS of $0.41 beat the $0.34 estimate, marking the fourth consecutive quarter the company has exceeded the consensus earnings figure.

Alani Nu, the brand Celsius acquired, generated $410.1 million in segment revenue, up roughly 24%, and overtook the flagship CELSIUS line to become the company's single largest contributor. The CELSIUS brand itself slipped about 6%, weighed down by SKU optimization, inventory rebalancing, shipment timing, and softness in the club channel. Rockstar Energy added $80.3 million, with Canadian strength tied to order timing across Q2 and Q3.

Alani Nu's surge was driven by expanded distribution through PepsiCo's direct-store-delivery network and what management described as the brand's most successful limited-time offering to date, the Witch's Brew flavor launch. Internationally, the CELSIUS brand itself showed momentum, with rest-of-world revenue up 78% on Nordic performance and expansion into new markets. North America as a whole grew 15% to $806.2 million.

Gross margin compressed to 46.8% from 51.3% a year earlier, a 450 basis point decline attributed to aluminum and fuel cost inflation and a heavier DSD channel mix, which carries higher trade investment and billback costs. Operating income still surged 315% year over year to $172.1 million, helped by SG&A leverage improving to 26.1% of revenue from 28.4%. Management said freight lane optimization, raw material alignment, and revenue growth management initiatives are progressing but have not yet fully offset commodity headwinds.

On the organizational front, CEO John Fieldly announced a new brand-led structure, naming Alex Zigliara as President of the CELSIUS brand and Rishi Daing as President of Rockstar Energy and Emerging Growth. The company repurchased approximately $44.5 million of shares during the quarter, bringing its year-to-date total to roughly $168.8 million under its $300 million repurchase authorization. No formal financial guidance was issued for future periods.