Is revenue really about to take a 120millionhaircut?ItstartedoutasacalmmorningforsharesofCelsiusHoldings(CELH−10.59120 million haircut? It started out as a calm morning for shares of Celsius Holdings (CELH -10.59%). But around noon, management made an appearance at Barclays' 17th Annual Global Consumer Staples Conference. During the chat, management said something that sparked fear in investors: In the current quarter, sales to PepsiCo (PEP 0.20%) are down 120millionhaircut?ItstartedoutasacalmmorningforsharesofCelsiusHoldings(CELH−10.59100 million to $120 million compared to last year. Investors took action, and that's why Celsius stock was down a painful 12% as o ...
Celsius(US:CELH) The Motley Fool·2024-09-05 03:27