๐ CELH still stinging after -16% Q2 earnings crash โ Celsius brand sales fell 11.7%
Celsius Holdings ($CELH) lost roughly 16% last Wednesday after Q2 results badly missed โ revenue of $817.9M came in well short of the $872.6M estimate, and the flagship Celsius brand saw sales drop ~11.7% year-over-year. The Alani Nu brand and new Rockstar acquisition helped total revenue grow 11%, but investors aren't buying the portfolio story when the core brand is fading. Stock sitting near $24 heading into this week โ value play or value trap? Not financial advice.
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