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Celsius Holdings reports 31% drop in Q3 revenue, mainly due to reduced sales to PepsiCo.
Celsius Holdings Inc., an energy drink company, saw its Q3 revenue drop by 31% to $265.7 million, largely due to reduced sales to its main distributor, likely PepsiCo.
The decline reflects a slowing energy drink market and fierce competition in sugar-free products.
The company's stock, trading at a forward P/E ratio under 30, may not appeal as a bargain to investors, who await clearer growth prospects.
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Celsius Holdings reporta una caída del 31% en los ingresos del Q3, principalmente debido a la reducción de las ventas a PepsiCo.