🔴 Celsius Holdings is trading 4.5% down today after Q2 results showed 11.7% brand-revenue decline

Celsius Holdings is trading 4.5% down at $26.52 after investors continued reassessing the August 6 earnings report and its 11.7% year-over-year decline in CELSIUS brand revenue.

• Adjusted EPS was $0.36 and revenue was $817.9 million.
• Gross margin fell to 48.1% from 51.5%; recent analyst downgrades and activist calls for leadership changes are adding pressure while the broader market is only modestly weaker.