Investors experiencing losses in CELH are encouraged to contact the company
San Francisco, California–(Newsfile Corp. – December 25, 2024)– Celsius Holding (NASDAQ:), Inc. (Nasdaq: Syla) and certain C-Suite officials are involved in a securities class action lawsuit, alleging that they misrepresented and concealed important information about the company's financial performance, particularly with respect to its major client, PepsiCo (NASDAQ:).
Hagens Berman is investigating the allegations and urges Celsius investors who bought shares and suffered significant losses to file their losses now.
Class period: February 29, 2024 – September 4, 2024
Lead Plaintiff Deadline: January 21, 2025
Visit: www.hbsslaw.com/investor-fraud/celh
Contact the company now: CELH@hbsslaw.com
844-916-0895
Celsius Holdings, Inc. (CELH) Securities Class an act (to:):
The lawsuit alleges that during the Class Period, Celsius failed to disclose to investors several important points:
- Oversold stock:°C Pepsi inventory sales have significantly exceeded demand, leading to a potentially drastic decline in future purchases.
- Sales decline: As Pepsi exhausted its excess inventory, Celcium's sales were expected to decline, impacting its financial health and future prospects.
- Unsustainable sales rates: PepsiCo's sales rates were unsustainable and created a misleading impression of the company's performance.
- Misleading metrics: As a result, Celsius's business metrics and financial outlook were overstated
The situation came to light on May 28, 2024, when Celsius' stock price fell nearly 13% after reports from Nielsen indicating slowing sales growth. Analysts highlighted the possibility that sales could decline significantly as Pepsi reduces its inventory.
The stock took another hit on September 4, 2024, falling more than 11% after a company presentation revealed a $100 million to $120 million shortfall in Pepsi orders compared to the previous year. It was also revealed that Pepsi had held several million excess cases over the past 18 months.
These revelations prompted equity firm Hagens Berman to investigate the allegations.
“We are investigating whether Celsius intentionally painted an overly optimistic picture of its relationship with Pepsi, misleading investors about the true state of its financial health and sustainability of sales,” said Reed Katherine, the Hagens Berman partner leading the investigation.
If you invested in Celsius and suffered significant losses, or have knowledge that may assist in the company's investigations, submit your losses now »
If you would like more information and answers to frequently asked questions about the Celsius case and our investigation, read more »
Whistleblowers: Persons with non-public information regarding Celsius Holdings should consider their options to assist in the investigation or take advantage of the SEC's whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Catherine Reed at 844-916-0895 Or email CELH@hbsslaw.com.
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About Hagens Berman
Hagens Berman is a global, complex plaintiffs' rights litigation firm focused on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases that achieve real results for those harmed by corporate negligence and other wrongdoing. The Hagens Berman team has earned more than $2.9 billion in this area of law. More about the company and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
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