INTERVIEW - John Fieldly, CEO of Celsius Holdings: revenues up 112%, potential acquisition on the horizon
August 09, 2023 at 03:02 pm EDT
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John Fieldly, Chairman and CEO of Celsius Holdings (CELH), reflects on his company's record sales. Thanks in particular to the partnership with Pepsi, revenues are up 112% on the previous year. The executive discusses the group's other associations, with sports leagues and universities among others, and potential future acquisitions.
Celsius Holdings, Inc. is engaged in the development, processing, marketing, sale, and distribution of functional energy drinks to a range of consumers. The Company's flagship asset, CELSIUS, is marketed as a fitness drink or supplement which, with exercise, is designed to accelerate metabolism and burn body fat while providing energy. This product line comes in two versions: a ready-to-drink form and an on-the-go powder form. The Company also offers a new CELSIUS Essentials line, available in 16-ounce cans. Celsius products are offered in retail channels across the United States, including conventional grocery, natural, convenience, fitness, mass market, vitamin specialty and e-commerce. Additionally, the Company's products are also offered in certain Canadian, European, Middle Eastern and Asia-Pacific markets. Its product's formulation includes ingredients and supplements such as green tea (EGCG), ginger (from the root), calcium, chromium, B vitamins and vitamin C.