Evercore ISI analyst Robert Ottenstein notes that total energy drink category dollar sales growth slowed to about 470 basis points below the 8.5% seen in Q1 in the latest data and noted that the latest update shows Celsius Holdings trends continue to slow sequentially, with share now at 12.2% in the latest week versus about 12.4% in the prior three-week period.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue