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Benzinga

Business

Nabaparna Bhattacharya

Celsius Takes $247 Million Hit From Termination Costs, Piles Up Debt

Celsius United States Alani Nu CELH Celsius Holdings Nasdaq PepsiCo

Miami,Beach,,Florida,-,July,02,,2024:,Celsius,Energy,Drinks

Celsius Holdings, Inc. (NASDAQ:CELH) shares plunged on Thursday as a $246.7 million distributor termination overshadowed a top-line beat in the third quarter.

CELH is among today's weakest performers. Check the analyst take here

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