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$CELH, Celcius Holdings Inc., attended the 4th Annual Evercore ISI Consumer and Retail Conference on June 11, 2024. The stock dropped by ~30% in a few weeks due to reports of a slowdown in the energy drink category. At the conference, $CELH mentioned that $PEP's inventory optimization could impact revenues by $20-30 million in the quarter.
Some great insights from the kings of company commentary, @Quartr_App, re: the selling pressure in $CELH of late: https://t.co/0pGUnWy5em
$CELH has dropped by ~30% in just a few weeks. Here are several quotes from yesterday's conference that partly explain why 🧵 1. $CELH estimates that $PEP's inventory optimization could impact revenues by $20 million to $30 million in the quarter: https://t.co/iOoAYKMqYU
$CELH Green.