The company aimed to soothe investor fears by highlighting its plan to spend $300m over the course of the year to buy back company stock as a signal of its confidence that Celsius stock is undervalued. Celsius Holdings CEO and Chairman John Fieldly explained in an earnings call that the energy drink category “remains one of the strongest-performing” in the beverage industry. We are a key growth driver for the energy category, and we are just beginning to unlock the full potential of our expanding portfolio,” he said. Celsius reported earnings of 36 cents per share on revenue of $817.93m, missing the consensus estimate of 42 cents per share on revenue of $887.71m, according to Earnings Whispers. Celsius led the company with revenue of $387m for the quarter, followed by Alani Nu with $364.4m and Rockstar with $66.5m.