Why Celsius Holdings Stock Lost 19% in August
Celsius(CELH) The Motley Fool·2024-09-10 06:19
The energy drink maker's growth continued to slow. 2024 has been a rough year for Celsius Holdings (CELH 4.47%), the high-flying energy drink maker whose shares had skyrocketed starting during the pandemic. August was another challenging month for the stock. Slowing growth due to overstocking by distribution partner PepsiCo continued to put the brakes on the business and on the stock. In addition to slowing growth, investors seemed concerned about broader challenges in consumer spending, fears of a recessio ...