SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Celsius Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - CELH

Core Viewpoint - A class action lawsuit has been filed against Celsius Holdings, Inc. for potential securities fraud and unlawful business practices, with investors encouraged to join the lawsuit [6]. Group 1: Stock Performance and Financial Results - On May 27, 2024, Celsius stock fell nearly 13% as analysts noted a slowdown in sales growth, which decreased to 39% year-over-year from 50% [3]. - On September 4, 2024, Celsius reported a significant reduction in orders from Pepsi, estimating a decrease of approximately $100 million to $120 million in Q3 compared to the previous year [3]. - For the third quarter of 2024, Celsius reported revenue of approximately $265.7 million, a 31% decline from $384.8 million in Q3 2023, with North American revenues falling 33% [3]. - The company's gross profit decreased by $71.9 million, or 37%, with a gross profit margin of 46.0%, down from 50.4% in the same period in 2023 [3]. Group 2: Market Reactions - Following the November 6, 2024 announcement of poor financial results, Celsius stock dropped by $1.69 per share, or 5.32%, closing at $30.04 [7]. - After the September 4, 2024 news regarding reduced orders from Pepsi, Celsius stock fell by $4.25 per share, or 11.59%, closing at $32.39 [8].