Celsius Holdings Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.75%.
Did CELH Beat Earnings? Q1 2026 Results
Celsius Holdings, Inc. delivered a strong first quarter for fiscal 2026, posting adjusted diluted EPS of $0.41 against a consensus estimate of $0.29, a beat of 39.93%, while revenue of $782.62 million topped the $760.63 million consensus by 2.89% and surged 137.7% year over year. The headline driver was the company's transformed portfolio following its acquisitions of Alani Nu and Rockstar Energy, with Alani Nu alone generating record quarterly sales of approximately $368.10 million as it benefited from its transition into the PepsiCo distribution system. The combined portfolio commanded roughly 20.9% dollar share of the U.S. ready-to-drink energy category, even as Rockstar posted a 13% retail sales decline that management is working to address through brand integration efforts. Gross margin compressed to 48.3% from 52.3% a year ago, though adjusted EBITDA margin expanded to 25.0% from 21.2%, reflecting improving operating leverage. With the stock having traded near 52-week lows ahead of the print, management expressed confidence that ongoing freight optimization, raw material alignment, and price-pack architecture initiatives will continue driving margin expansion through the remainder of the year.
- Acquisition of Alani Nu (April 1, 2025) and Rockstar Energy (August 28, 2025) drove 138% revenue growth
- Alani Nu transition into PepsiCo distribution system drove increased orders and record sales
- CELSIUS brand grew approximately 6% organically year over year
- International revenue grew 55% driven by Nordics, UK, Ireland, France, Australia, New Zealand and Benelux
- Combined portfolio held approximately 20.9% dollar share of U.S. RTD energy category
- SG&A as a percentage of revenue improved to 30.0% from 36.5% year over year
- Adjusted EBITDA margin expanded to 25.0% from 21.2% year over year
“The first quarter of 2026 was a defining period for Celsius Holdings as we delivered record first-quarter revenue of $783 million, underscoring the power of our brands and the strength of our growth model. With CELSIUS, Alani Nu, and Rockstar Energy, we're building a scaled Modern Energy portfolio with distinct roles, recruiting new consumers and expanding consumption occasions. As PepsiCo's energy category captain in the U.S. and with an aligned commercial strategy, we reached an approximate 20.9% dollar share of the U.S. energy drink category in Q1 2026. With an evolved operating model and our brand integration firmly on track, we are entering 2026 with positive momentum, scale and confidence in our ability to deliver sustainable, long-term shareholder value.”
Celsius Holdings CEO, on the earnings call
Forward Guidance & Outlook
Management indicated that underlying initiatives expected to drive margin expansion across the year — including the orbit model, freight structure optimization, raw material alignment, and mix improvement through price-pack architecture — continue to progress, offset in part by rising commodity costs. Brand integration is described as firmly on track, and the company expressed confidence in delivering sustainable, long-term shareholder value.
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Figures from SEC filings and company reports. Not investment advice.