Financial Data and Key Metrics Changes - The company reported record full-year revenue of $2.5 billion for 2025, reflecting a disciplined approach to growth [4] - For the fourth quarter, consolidated revenue was approximately $722 million, with Brand CELSIUS delivering $1.46 billion of net sales, growing 7.5% year-over-year [21][26] - Gross profit for the fourth quarter increased by $175.1 million to $341.8 million, with a gross profit margin of 47.4%, down from 50.2% in the prior year [22] - Adjusted EBITDA for the fourth quarter was $134.1 million, up from $62.9 million in the prior year period [24] Business Line Data and Key Metrics Changes - Alani Nu achieved record net sales of $370 million in the fourth quarter, representing a pro forma growth of 136% compared to the prior year [17] - Brand CELSIUS experienced a 7.7% decline in underlying GAAP sales for the fourth quarter due to timing activities, while scanner data showed a healthy 12.8% [20] - Rockstar Energy recorded $56 million in net sales for the full year, with an additional $13 million in other income [16] Market Data and Key Metrics Changes - The combined portfolio of CELSIUS, Alani Nu, and Rockstar Energy represents approximately 1/5 of the U.S. energy market in tracked channels [5] - The company is present in approximately 10 international markets, with significant long-term growth opportunities as global consumer trends align with U.S. trends [10] Company Strategy and Development Direction - The company aims to strengthen its portfolio by focusing on consumer connection, operational discipline, and sustainable growth [4] - The integration of Alani Nu and Rockstar into the PepsiCo system is a key strategic focus, with expected completion by the end of Q1 2026 and the first half of 2026, respectively [23] - The company is prioritizing intentional market selection and execution to build brands effectively in international markets [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's ability to resonate with consumers and stabilize growth over the next few years [16] - The company anticipates that gross margins will return to a more normalized profile in the low to mid-50% range as integrations progress [50] - Management highlighted the importance of innovation and consumer preferences in driving brand loyalty and relevance [9] Other Important Information - The company ended the year with $399 million in cash and approximately $670 million in total debt, focusing on free cash flow generation and working capital discipline [26] - The company reduced debt by approximately $200 million and repurchased $40 million of shares during the quarter [28] Q&A Session Summary Question: Update on shelf space gains for Celsius and Alani - Management expects shelf space gains to materialize through the end of spring, particularly for Alani in convenience channels [33] Question: Clarification on the $25 million net benefit from Celsius versus Alani - Management indicated that the $25 million benefit was due to strategic inventory management and alignment with distributor capabilities [43] Question: Impact of Midwest premium on gross margins - Management noted that the Midwest premium could affect margins, but they are working to align costs and improve margins over time [52]