secwatch.observer — SEC 8-K summary
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Issuer:     Celsius Holdings, Inc. (CELH)
CIK:        0001341766
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001341766-24-000095
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celsius Q3 revenue falls 31% to $265.7M; EPS turns negative; cites distributor destocking
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- North America revenue $247.1M, down 33% YoY; international up 37% to $18.6M.
- GAAP net income $6.4M vs $83.9M; diluted EPS ($0.00) vs $0.30; adjusted EBITDA $4.4M vs $103.6M.
- Gross margin contracted 440 bps to 46.0%, hurt by supply chain optimization by its largest distributor.
- YTD 2024 revenue surpassed $1B ($1,023.4M), up 5% from $970.6M; net income down 7% to $164M.
- Co-packer acquisition completed to enhance innovation and manufacturing capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000095/0001341766-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000095/celh-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001341766-24-000095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer