Posted 3/31/2024, 8:10:00 AM
Celsius Expands Globally After 17X Revenue Growth in North America
- Celsius revenue grew from $75 million in 2019 to $1.3 billion in 2023, almost all from North America
- Celsius signed distribution deals with Pepsi and Suntory to expand into Canada, UK, Ireland, Australia, and New Zealand
- International markets represent big growth potential - half of Pepsi's revenue and 38% of Monster's revenue is international
- Celsius still has room to grow in North America through distribution deals
- Investors haven't missed the boat yet - Celsius still has strong growth ahead in North America and internationally