Celsius Holdings (CELH) Hit with Investor Class Action Amid Accusations of Oversold Inventory to Pepsi- Hagens Berman By Investing.com

SAN FRANCISCO, CA–(Newsfile Corp. – December 20, 2024) – Celsius Holdings (NASDAQ:), Inc.NASDAQ: CELH) and some of its C-Suite officers are involved in a securities class-action lawsuit alleging they misrepresented and withheld important information about the company’s financial performance, particularly that of its major customer, PepsiCo (NASDAQ).

Hagens Berman is investigating the allegations and is urging investors in Celsius who bought shares and suffered significant losses to file your losses now.

Class periodFebruary 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 Action: (i:).

The lawsuit alleges that during the class period, Celsius failed to disclose several important points to investors:

1. Oversold InventoryCelsius has significantly overstocked Pepsi beyond demand, leading to a potentially steep decline in future purchases.
2. Decrease in salesAs Pepsi exhausted its overstock, Celsius’ sales were predicted to decline, affecting its financial health and prospects.
3. Volatile sales ratesPepsi’s sales pace was erratic and gave a misleading impression of the company’s performance.
4. Erroneous measurementsConsequently, Celsius’ business performance and financial prospects were overstated

The situation came to light on May 28, 2024, when Celsius’ stock price plummeted by nearly 13% following reports from Nielsen that showed slowing sales growth. Analysts highlighted the possibility of significantly reduced sales as Pepsi cut its reserves.

The stock took another hit on September 4, 2024, falling more than 11% after the company’s presentation revealed a $100 million to $120 million shortfall in Pepsi orders compared to last year.It was also revealed that Pepsi has spent several million redundant cases over the past 18 months.

The revelations prompted shareholder rights firm Hagens Berman to investigate the allegations.

“We are investigating whether Celsius deliberately painted an overly optimistic picture of its relationship with Pepsi, misleading investors about the true state of its financial health and sales sustainability,” said Hagens Berman partner Reid Kathryn, who led the investigation.

If you have invested in Celsius and have suffered significant losses, or have knowledge that could assist the company’s investigation, report your losses now.”

If you would like more information and answers to frequently asked questions about the Celsius case and our investigation, read more »

Informants. Individuals with non-public information about Celsius Holdings should consider their options for assisting in the investigation or using the SEC Whistleblower Program. up to 30 percent successful recovery Call Reed Kathrein for more information 844-916-0895 or email CELH@hbsslaw.com.

###

To view the original version of this press release, visit https://www.newsfilecorp.com/release/234664