CELH INVESTOR ALERT: Celsius Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit

Core Viewpoint - Celsius Holdings, Inc. is facing a class action lawsuit for allegedly misleading investors regarding its financial performance and sales to PepsiCo, leading to significant stock price declines during the class period [1][4][6]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Shelby Township Police & Fire Retirement System v. Celsius Holdings, Inc., and it involves purchasers of Celsius common stock from February 29, 2024, to September 4, 2024 [1]. - Investors have until January 21, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Celsius oversold inventory to PepsiCo, leading to a significant decline in future sales and misrepresentation of its financial health [4]. Group 2: Financial Performance and Stock Impact - On May 27, 2024, Celsius stock fell nearly 13% following negative retail trends reported by Nielsen [5]. - On September 4, 2024, Celsius revealed a reduction in sales to Pepsi from approximately $100 million to $120 million compared to the previous quarter, resulting in an 11% drop in stock price [6]. - For Q3 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% and a significant drop in revenue from Pepsi of $123.9 million [7].