Celsius Rout Fails to Dent Street Fervor in Energy Drink Faceoff [Financial Post (Toronto, Ontario, Canada)]
Celsius Holdings, Inc. (CELH)
Last celsius holdings, inc. earnings: 3/12 08:30 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Celsius Holdings Inc. is hurtling toward its worst quarter in more than a decade as the explosive growth of energy-drink sales slows, but Wall Street is betting the upstart firm has the best shot at regaining lost momentum. After three-straight years of triple-digit revenue growth, investors fretted slowing sales at Celsius would derail its bid to unseat its top-selling rivals, Monster Beverage Corp. and closely held Red Bull GmbH. Celsius' stock plunged more than 30% in the second quarter, putting it on track for its worst loss since 2013. Cooling industry trends also weighed on Monster, which has slumped around 15%. Article content Wall Street bulls argue Celsius — which claims its drinks help burn calories — is still growing shelf space at retailers, while its beverages appeal to an increasingly health-conscious consumer, and it's still in the
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News
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- Celsius Holdings, Inc. (NASDAQ: CELH) had its price target lowered by analysts at Stifel Nicolaus from $85.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
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- Celsius Holdings, Inc. (NASDAQ: CELH) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $68.00 price target on the stock.MarketBeat
CELH
Earnings
- 5/7/24 - Beat
CELH
Sec Filings
- 6/13/24 - Form 4
- 5/31/24 - Form 4
- 5/30/24 - Form 4
- CELH's page on the SEC website