🔴 Celsius Holdings is trading 5% down today in pre-market after Q2 earnings miss

Celsius Holdings is trading 5.08% down now at $26.36 after investors continued assessing the August 6 earnings shortfall.

• Adjusted EPS was $0.36 versus $0.43 expected; revenue was $817.92 million versus $885.98 million expected.
• Core Celsius brand revenue declined 11.7% year over year.
• Activist investor Russ Savage’s leadership challenge and recent analyst downgrades add uncertainty, while broader markets are broadly flat.