Celsius Holdings, Inc. (NASDAQ:CELH) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET
Company Participants
Cameron Donahue - Investor Relations
John Fieldly - President, CEO and Chairman
Jarrod Langhans - CFO
Conference Call Participants
Mark Astrachan - Stifel
Jeff Van Sinderen - B Riley
Kevin Grundy - Jefferies
Peter Grom - UBS
Jonathan Keypour - Bank of America
Gerald Pascarelli - Wedbush Securities
Michael Lavery - Piper Sandler
Thomas McGovern - Maxim Group
Sean McGowan - ROTH
Operator
Greetings, and welcome to the Celsius Holdings Inc. First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.
It is now my pleasure to introduce your host, Cameron Donahue, Investor Relations for Celsius. Thank you, Cameron. You may begin.
Cameron Donahue
Thank you, operator and good afternoon everyone. We appreciate you joining us today for Celsius Holdings First Quarter 2023 Earnings Conference Call. Joining me on the call today are John Fieldly, President and Chief Executive Officer; and Jarrod Langhans, Chief Financial Officer. Following the prepared remarks, we'll open the call to your questions and instructions will begin at that time.
The company released our earnings press release earlier this afternoon, and all materials will be available on the company's website, celsiusholdingsinc.com. As a reminder, before I turn the call over to John, an audio replay will be available later today and can be accessed with the same live webcast link in our conference call announcement and press release.
Please also be aware that this call may contain forward-looking statements, which are based on forecasts, expectations and other information available to management as of May 9, 2023. These statements involve numerous risks and uncertainties, including many that are beyond the company's control. Except to the extent as required by law, Celsius Holdings undertakes no obligations and disclaims any duty to update any of these forward-looking statements. We encourage you to review in full our Safe Harbor statements contained in today's press release and our quarterly filings with the SEC for additional information.
With that, let me just turn the call over to the President and Chief Executive Officer, John Fieldly, for his prepared remarks. John?
John Fieldly
Thank you, Cameron. Good afternoon everyone, and thank you for joining us today. We achieved record sales for the first quarter of approximately $260 million, an increase of 95% from last year's first quarter of $133 million, exceeding the $200 million revenue threshold for the first time in company history. And we saw a sequential increase from the fourth quarter of sales of $178 million, exceeded it by $82 million or 46% growth sequentially.