Why Celsius Stock Crashed to a 52-Week Low Today
Celsius(CELH) The Motley Fool·2024-11-07 02:26
The company's numbers look terrible, but there's more to the story.Shares of energy drink company Celsius Holdings (CELH -6.33%) crashed on Wednesday after the company reported financial results for the third quarter of 2024. The results disappointed investors on both the top and bottom lines. As of 11:45 a.m. ET, Celsius stock was down 10% and had hit new 52-week lows.Celsius' business pulled back in Q3The headline numbers for Celsius were troubling. Q3 revenue was down 31% year over year to $266 million. ...