Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. 

• According to John Fieldly, Chairman and CEO of Celsius Holdings, Inc., "Celsius continued to drive energy drink category growth at retail in the third quarter, outperforming the category in dollar and volume sales gains despite overall category softness." Our main distributor's announced supply chain rationalization, which we believe has fully stabilized, had a significant negative impact on our operating results during an otherwise strong quarter. 

• We remain committed to our long-term growth plan of extending our consumer base, broadening availability, and being the preferred beverage for more occasions.

• Revenue for the three months ending September 30, 2024 was roughly $265.7 million, compared to $384.8 million in the same period in 2023. Our top distributor's revenue decreased by $123.9 million in the three months ending September 30, 2024, compared to the same period last year.

• In the third quarter of 2024, Circana reported a 7.1% year-over-year increase in retail sales of Celsius in the U.S. MULO Plus with Convenience for the 13 weeks ending September 29, 2024.

• In Q3 2024, international sales reached $18.6 million, up 37% from Q3 2023's $13.6 million.

• In the three months ending September 30, 2024, gross profit declined by $71.9 million, or 37%, to $122.2 million from $194.1 million in the same period in 2023. In the three months ending September 30, 2024, the gross profit margin was 46.0%, down 440 basis points from 50.4% in the same period in 2023.

Acrobull Recommendation Based on Evaluation