Celsius Misses Q3 Earnings

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Energy Drink Maker Celsius Misses

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article Energy Drink Maker Celsius Misses

Benzinga

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Celsius Holdings misses on Q3 earnings as supply chain optimization weighs on margins

Summary

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71% Informative

Sales to Costco Wholesale in the third quarter increased 15% ; however, sales to Sam ’s club and BJs were negatively affected due to the timing of promotions and innovation loading in the year-ago period.

Celsius shares are trading lower by 6.4% to $ 29.70 premarket at last check Wednesday .

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