Celsius Holdings Inc Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: James Ronald Salera - Stephens Inc., Research Division - Analyst : Congrats on the good quarter. I wanted to follow up on the foodservice piece, because it seems like that would be an end market that would traditionally be for kind of carbonated soft drinks or teas. Do you have a sense for -- are those consumers in foodservice switching from drinking a Pepsi to drinking a Celsius or drinking a tea to a Celsius? And if that's the case, are you able to track that into switches from soft drinks or tea at retail as well?

Question: James Ronald Salera - Stephens Inc., Research Division - Analyst : Great. That's helpful color. And you might have already kind of addressed this, just saying it's still early days, but just thinking about the implications that, that has moving forward, do you think there's a possibility that if you do see those tea or carbonated soft drink consumers buying Celsius, but not participating in other energy buys, that you could find yourself outside of the energy category in retail and really be placed kind of throughout the store unlike some of the other traditional energy drinks? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 07, 2023 / 3:00PM, CELH.OQ - Q3 2023 Celsius Holdings Inc Earnings Call