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.

November 09, 2024
3 Articles