DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Celsius

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Celsius Holdings, Inc. due to allegations of misleading statements regarding its sales performance and inventory management, particularly concerning its relationship with PepsiCo [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $75,000 in Celsius between February 29, 2024, and September 4, 2024, to discuss their legal options [1]. - A federal securities class action has been filed against Celsius, with a deadline of January 21, 2025, for investors to seek the role of lead plaintiff [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Celsius - The complaint alleges that Celsius oversold inventory to Pepsi far beyond demand, leading to a significant sales decline as Pepsi reduced its orders [4]. - Celsius' sales rate to Pepsi was deemed unsustainable, creating a misleading impression of the company's financial health [4]. - The company's financial metrics were not as strong as previously indicated, leading to false and misleading statements regarding its outlook [4]. Group 3: Financial Performance and Stock Impact - On May 27, 2024, Celsius stock fell nearly 13$100 million to $120 million, causing the stock price to drop over 11$265.7 million, a 31% decline from $384.8 million in Q3 2023, with North American revenues falling 33% and a significant drop in revenue from Pepsi [7].