Celsius Holdings, Inc. (NASDAQ:CELH) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET

Company Participants

Cameron Donahue - Investor Relations

John Fieldly - President and Chief Executive Officer

Jarrod Langhans - Chief Financial Officer

Conference Call Participants

Kevin Grundy - Jefferies

Kaumil Gajrawala - Credit Suisse

Jeff Van Sinderen - B. Riley

Jeffrey Cohen - Ladenburg Thalmann

Mark Astrachan - Stifel

Sean McGowan - ROTH

Operator

Greetings and welcome to Celsius Holdings’ First Quarter 2022 Financial Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Cameron Donahue, Investor Relations for Celsius Holdings. Thank you. You may begin.

Cameron Donahue

Thank you and good afternoon, everyone. We appreciate you joining us today for Celsius Holdings’ first quarter 2022 earnings conference call. Joining me on the call today are John Fieldly, President and Chief Executive Officer; and Jarrod Langhans, Chief Financial Officer. Following prepared remarks, we will open the call to your questions and instructions will be given at that time.

The company released their earnings press release upon market close this afternoon and all materials will be available in the company’s website, celsiusholdingsinc.com, under the Investor Relations section. As a reminder, before turning the call over to John, an audio replay will be available later today.

Please also be aware that this call may contain forward-looking statements which are based on forecast, expectations and other information available to management as of May 10, 2022. These statements involve numerous risks and uncertainties, including many that are beyond the company’s control. Except to the extent 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 our Safe Harbor statements contained in today’s press release and our quarterly filings with the SEC for additional information.

With that, let’s turn the call over to President and Chief Executive Officer, John Fieldly for his prepared remarks. John?

John Fieldly

Thank you, Chairman. Good afternoon, everyone and thank you for joining us today. Our record first quarter represented our 14th consecutive quarter of sequential growth and a 20% increase over the fourth quarter period. According to the trailing 4-week IRI MULO data as of April 17, 2022, Celsius is the number one brand driver of growth in the energy category compared to 2021. For the last 4-week dataset, the energy category grew $101 million. In that period, Celsius added $38 million of the growth accounting for 38% of the total. This is dollar share growth, eclipsing Monster by 1.4x, Alani Nu by 2.2x, Red Bull by 2.5x, Ghost by 3x and C4 by 4x.