Celsius Q2 revenue below estimates amid brand merge push
Celsius Holdings reported Q2 revenue of $817.9M, up 11% but below estimates, with core sales down 12%, EPS pressured by distributor termination fees and an $85M legal accrual, and plans to merge three brands while leveraging PepsiCo distribution to expand retail reach.
Celsius Holdings, Inc. 9M, up 11% but below estimates, as core sales fell 12% and EPS was hit by distributor termination fees and an $85M legal accrual. The company said it is merging three brands and leaning on PepsiCo distribution to widen retail reach and innovat…