Loading
Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Gerald Pascarelli | Needham | 6 (33%) |
| Andrea Teixeira | JPMorgan | 6 (17%) |
| Peter Grom | UBS | 6 (17%) |
| Bonnie Herzog | Goldman Sachs | 4 (25%) |
| Eric Serotta | Morgan Stanley | 4 (0%) |
| Michael Lavery | Piper Sandler | 4 (0%) |
| Jim Salera | Stephens | 4 (0%) |
| Kaumil Gajrawala | Jefferies | 4 (0%) |
| Filippo Falorni | Citigroup | 3 (0%) |
| Kevin Grundy | BNP Paribas | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| UBS | 1 | 6 (17%) |
| JPMorgan | 1 | 6 (17%) |
| Needham | 1 | 6 (33%) |
| Goldman Sachs | 1 |
| Jefferies | 1 | 4 (0%) |
| Morgan Stanley | 1 | 4 (0%) |
| Stephens | 1 | 4 (0%) |
| Piper Sandler | 1 | 4 (0%) |
Celsius Holdings delivered record first-quarter revenue of $783 million, up 137.68% year-over-year as the Alani Nu acquisition (closed April 1, 2025) and Rockstar lifted GAAP revenue far above the prior-year base; on a like-for-like basis the legacy CELSIUS brand grew approximately 6% while Alani Nu grew a pro forma ~60%. GAAP net income more than doubled to $110 million and adjusted EBITDA margin expanded roughly 370 basis points to 24.9%, reflecting the completed Alani integration with about $50 million of synergies and adjusted SG&A leverage. The flagship CELSIUS brand's deceleration, pressured by SKU optimization and Alani cannibalization, was the central analyst concern, alongside rising aluminum and freight costs that could slow the gross-margin ramp back toward the low 50s from 48.3% this quarter. Management reaffirmed shelf-space gains, an expanding international footprint via Suntory, and continued buybacks, positioning the portfolio for the peak summer selling season.
Demand | Competitive Dynamics | Revenue Growth | Margin | Geographic Expansion | Inventory | M&A | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 5 | 2 | 2 | 4 | |||
| 2025Q1 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 2 |
| 2025Q2 | 5 | 1 | 3 | 1 | 1 | 1 | ||
| 2025Q3 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | |
| 2025Q4 | 2 | 2 | 2 | 1 | 1 | 3 | ||
| 2026Q1 | 4 | 3 | 2 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 5 | 5 | 3 | 2 | 4 |
| Competitive Dynamics | 5 | 4 | 1 | 1 | 2 | 3 |
| Revenue Growth | 2 | 3 | 2 | 2 | 2 | |
| Margin | 2 | 2 | 1 | 1 | 1 | 2 |
| Geographic Expansion | 2 | 1 | 1 | 1 | 1 | |
| Inventory | 1 | 1 | 3 | 1 | ||
| M&A | 4 | 1 | ||||
| Cost Pressure | 2 | 1 | 1 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $332M | -4.4% | $-0.13 | -176.5% | -5.6% | -5.7% | $70M |
| FY2025 Q1 | $329M | -7.4% | $0.15 | -44.4% | 15.8% | 13.5% | $96M |
| FY2025 Q2 | $739M | +83.9% | $0.33 | +17.9% | 19.3% | 13.5% | $35M |
| FY2025 Q3 | $725M | +172.9% | $-0.30 | — | -11.0% | -8.4% | $321M |
| FY2025 Q4 | $722M | +117.2% | $0.04 | +130.8% | 14.8% | 3.4% | $-130M |
| FY2026 Q1 | $783M | +137.7% | $0.33 | +120.0% | 17.8% | 14.1% | $66M |
| FY2026 Q2 | $818M | +10.6% | $0.14 | -57.6% | 9.2% | 4.5% | $205M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What CELH and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“as we were going more into the Pepsi system across Q1 that we're building ACV and therefore, building expanding the locations that the availability of the brand was in”
Alani Nu's move into PepsiCo's DSD system expanded ACV and points of distribution, driving ~100% scanner growth — a positive read-through on the reach of PepsiCo's distribution network for partner brands.
“this is the first quarter of the organization managing a portfolio of brands under the category of [indiscernible] within the energy category of PepsiCo. So that has really unlocked a lot of opportunities.”
Celsius now manages its CELSIUS/Alani Nu/Rockstar portfolio within PepsiCo's energy category, a read-through that PepsiCo's energy-category strategy and distribution relationship are unlocking new channels (foodservice, non-tracked outlets) for its partner brands.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CELH Celsius Holdings, Inc. | 7 | +137.7% | |
| KDP Keurig Dr Pepper | 6 | +9.4% | |
| KO The Coca-Cola Company | 9 | +12.1% | |
| MNST Monster Beverage | 8 | +26.9% | |
| PEP PepsiCo | 8 | +8.5% |