SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Celsius Holdings, Inc. - CELH

Core Points - A class action lawsuit has been filed against Celsius Holdings, Inc. for alleged securities fraud and unlawful business practices [2][3] - Investors who purchased Celsius securities during the Class Period have until January 21, 2025, to apply as Lead Plaintiff [2] - Celsius experienced a significant decline in stock price following negative sales trends and reduced orders from Pepsi [3][5] Financial Performance - Celsius reported third quarter 2024 revenue of approximately $265.7 million, a 31% decline from $384.8 million in the same period of 2023 [4] - North American revenues fell by 33%, and revenue from Pepsi declined by $123.9 million [4] - The company's gross profit decreased by $71.9 million, or 37%, with a gross profit margin of 46.0%, down from 50.4% year-over-year [4] Stock Price Movements - On May 27, 2024, Celsius stock fell nearly 13% due to slowing sales growth and market share decline [3] - Following the announcement of reduced orders from Pepsi on September 4, 2024, the stock price dropped by $4.25, or 11.59% [3][5] - After the November 6, 2024, earnings report, the stock fell by $1.69, or 5.32% [5]