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EN
Celsius Holdings (CELH) Stock Plunges 16% Following Disappointing Q2 Results
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MoneyCheck
Celsius Holdings, Inc., CELHPremarket activity showed the stock hovering near $24.27, a substantial retreat from its 52-week peak of $66.74.
$870M) 🔴; +11% YoY🔹 Adj.
The combined brand portfolio commanded approximately 20.1% dollar share in the domestic ready-to-drink energy drink market during the quarter.
CELH accounted for roughly 30% of the $640 million expansion in the U.S. zero-sugar energy category throughout the reporting period.
Shares of PepsiCo, which maintains an 11% ownership position in CELH, gained 0.5% in premarket trading following the earnings release.