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Celsius Holdings Q3 revenue up 17%, but flagship brand sales decline

The Motley Fool +4 · ·by G4L

CELH
CELH Celsius Holdings Inc
$33.19 +3.20%
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  1. 1Celsius Holdings announced record Q3 revenue of $847 million.
  2. 2Retail sales of the Celsius brand fell 7% during the quarter.
  3. 3Celsius Holdings shares rose approximately 5% in pre-market trading.

So what's the key point?

Celsius Holdings saw its revenue grow significantly to $847 million, but sales of its main product decreased. However, the stock price rose about 5% before the market opened.

Source The Motley Fool +4 · View original ↗

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