What's Going On With Celsius Holdings Stock Tuesday?
Portfolio Pulse from Dylan Berman
Celsius Holdings, Inc. (NASDAQ:CELH) shares are slightly down due to Bank of America's revised estimates. The bank cited inventory issues, leading to a $110 million sales hit and lowered EBIDTA and EPS estimates. Marketing expenses are expected to rise as Celsius aims to boost demand.
October 15, 2024 | 5:48 pm
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Celsius Holdings faces inventory issues, leading to a $110 million sales hit. Bank of America lowered its EBIDTA and EPS estimates, while marketing expenses are expected to rise to boost demand.
The inventory issues and subsequent sales hit of $110 million are significant, leading to lowered financial estimates by Bank of America. This is likely to negatively impact the stock price in the short term. The increase in marketing expenses indicates efforts to counteract these issues, but the immediate financial outlook remains challenging.
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