Faruqi & Faruqi Reminds Celsius Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 – CELH

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Celsius Holdings, Inc. due to significant losses reported by investors, particularly in light of a federal securities class action with a deadline for lead plaintiff applications set for January 21, 2025 [1]. Group 1: Financial Performance and Sales Issues - Celsius' sales to PepsiCo were significantly reduced, with orders dropping from approximately $100 million to $120 million compared to the previous quarter, indicating a potential sales cliff [2][3]. - The complaint alleges that Celsius oversold inventory to Pepsi far beyond demand, leading to a decline in future sales and negatively impacting financial performance [2]. - For the third quarter of 2024, Celsius reported revenue of approximately $265.7 million, a 31% decline from $384.8 million in the same quarter of 2023, with North American revenues falling by 33% [10]. Group 2: Stock Price Impact - Following the announcement of reduced orders from Pepsi, Celsius' stock price fell by more than 11% [3]. - After the disclosure of the third quarter financial results, Celsius' stock price dropped an additional 5% [10]. Group 3: Legal and Investor Actions - Investors who suffered losses exceeding $75,000 between February 29, 2024, and September 4, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [7]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, overseeing the litigation on behalf of the class [4].