CELH Stock Jumps As Celsius Flexes PepsiCo Muscle In Record Q1

• The company’s earnings per share also more than doubled to $0.41, surging 128% YoY to eclipse Wall Street expectations of $0.28.
• Celsius stated that its energy drink brand Alani Nu registered record sales of $368 million, accounting for about half of the company’s total sales.
• The company added that Alani Nu benefited due to increased orders from its largest distributor after the brand moved into the PepsiCo distribution system.

Celsius Holdings Inc. (CELH) on Thursday reported record first-quarter (Q1), which more than doubled compared to a year ago thanks to a boost from its partnership with PepsiCo Inc. (PEP).

Celsius reported a 138% year-on-year surge in its Q1 revenue to $783 million, blowing past Wall Street estimates of $761 million, according to Fiscal.ai data.

The company’s earnings per share (EPS) also more than doubled to $0.41, surging 128% YoY to eclipse Wall Street expectations of $0.28.

Celsius shares were up nearly 5% in Thursday’s pre-market trade. CELH was the top trending ticker on Stocktwits at the time of writing.

CELH Gets PEP Boost

Celsius stated that its energy drink brand Alani Nu registered record sales of $368 million, accounting for about half of the company’s total sales.

Celsius added that Alani Nu benefited due to increased orders from its largest distributor after the brand moved into the PepsiCo distribution system.

“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,” said Celsius CEO John Fieldly.

CELH Gross Margins Take A Hit

Celsius stated that its gross profit margin took a hit during the quarter, falling to 48.3% compared to 52.3% during the year-ago period.

The company highlighted that this was due to the addition of Alani Nu and Rockstar Energy to its portfolio, while noting that both these brands had a lower margin profile on acquisition.

“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,” Fieldly added.

CELH Looks Past Wall Street Pessimism

Celsius reported strong growth in the international market during the quarter. The company’s international revenue soared 55% YoY increase during Q1 to rise to $35.3 million.

Celsius stated that the international revenue growth was driven by the Nordics, and continued momentum in other markets including the U.K., Ireland, France, Australia, New Zealand, and Benelux.

This comes a day after analysts at Rothschild & Co Redburn stated that Celsius’ expansion efforts in the international markets will be challenging. The firm initiated its coverage of Celsius with a $47 price target and a ‘Neutral’ rating, according to TheFly.

JPMorgan analysts lowered their price target for CELH to $67 from $77 with an ‘Overweight’ rating heading into the earnings. The firm stated that it sees a lower bar for Celsius along with negative investor sentiment.

How Did Retail Traders React To CELH?

Retail sentiment on Stocktwits around Celsius trended in the ‘extremely bullish’ territory, with message volumes at ‘extremely high’ levels at the time of writing.

One bullish user on the platform stated that following the earnings, institutional money got the green light to accumulate CELH.

Another user praised Celsius’ Q1 earnings.

CELH stock is down 28% year-to-date, while PEP stock is up 9%. The Vanguard Total Stock Market Index Fund ETF (VTI) is up 31% over the past 12 months, while the Vanguard Small-Cap Growth Index Fund ETF (VBK) is up 37%.

The Vanguard Extended Market Index Fund ETF (VXF) is up 34%.

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