An announcement from Celsius Holdings ( (CELH) ) is now available.
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Celsius Holdings reported a mixed third quarter for 2024, experiencing a 31% revenue decline due to supply chain optimization by its largest distributor. Despite this, the company achieved significant international growth and a year-to-date revenue increase of 5%, surpassing $1 billion, driven by the rising demand for sugar-free energy drinks. Celsius also expanded its manufacturing capabilities with the acquisition of Big Beverages, enhancing future innovation potential.
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