Celsius Chairman and CEO John Fieldly warned that rising labor, fuel and raw material costs adds to 'potential recession' and consumer behavior concerns.
Celsius Holdings Chairman and CEO John Fieldly says labor, diesel and raw material costs have increased production costs of the energy drink.
While energy drink giant Celsius has seen a "mega-trend" for the active lifestyle supplement, its CEO raised concerns about worsening inflation and passing on price increases to consumers on ""Unfortunately, we're seeing costs increase when we talk about labor, we talk about gas, transportation, input costs, raw material costs," Celsius Holdings Chairman and CEO John Fieldly told FOX Business’"We are concerned about where we're headed with the potential...
Fieldly’s comments come just after Celsius celebrated its 2022 first-quarter revenue being up 167% from last year, earning more than $133 million.
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