The shares of Celsius Holdings, Inc. (NASDAQ: CELH) experienced a notable surge of 20.44% in the preceding trading session, culminating in a closing price of $81.62. This uptick in Celsius stock closely followed the dissemination of its financial performance report.
Celsius Holdings (CELH) revealed its outstanding financial results for the 2023 fiscal year, including the fourth quarter. Celsius broke all previous sales records at this time. Its fourth-quarter revenue of $347 million was a remarkable 95% rise over the same period last year, driven mostly by the company’s North American operations.
As well, CELH recently announced an exclusive global, multi-year partnership with Scuderia Ferrari, naming CELSIUS the official energy beverage of the Formula 1 team. As the 2024 season unfolds, CELSIUS will invigorate the Scuderia Ferrari garage and enhance fan experiences worldwide with its essential energy, delivered through CELSIUS.
It is premier energy beverage crafted with proven, high-quality ingredients and devoid of sugar, intended to empower individuals to lead active lifestyles, surpass their objectives, and enhance their daily routines. Having initiated its partnership last year, Ferrari has chosen to expand that collaboration, appointing Celsius as a global Scuderia Ferrari Team Partner for the 2024 season and beyond.
Celsius is committed to furnishing Ferrari drivers and team members with the vital energy required to perform optimally throughout the demanding 24 Grand Prix season. Ferrari eagerly anticipates collaborating with Celsius on novel assets and experiences tailored to its global fan base.
Celsius shares with Scuderia Ferrari a shared ethos of competitiveness that propels drivers, enthusiasts, and consumers to excel both on and off the race track. CELH will be further cultivating its alliance with Scuderia Ferrari’s esteemed Formula 1 team, which shares its fervor for enhancing daily lives and achieving peak performance.
Fans of Scuderia Ferrari will encounter distinctive CELSIUS engagements throughout the season, both at race venues and beyond, including locations where CELSIUS products are retailed.
