Celsius Holdings Inc. NASDAQ: CELH delivered a poor earnings report on November 6. Investors had been forewarned that the company was likely to miss on the top and bottom lines, but the size of the miss was enough to send shares lower.
Celsius Holdings, the third-largest energy drink company, saw a 72% stock drop due to a 31% revenue decline. Pepsi's inventory optimization impacted Q3 revenue by $124M, but management expects alignment and growth to resume in 2025. Is the growth story fundamentally damaged or not?
CELH has been over sold at current levels, with bullish support materializing between $28s and $34s over the past two months. While the management does not offer forward guidance, it appears that the worst of the stock price correction and inventory optimization may already be behind us. The same has been hinted by the CELH management for FQ4'24 and 2025, with FY2024 naturally being a trough ye...
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