Streetbeat News

OTLY

Oatly Group AB

https://www.oatly.com

Industry

Beverages - Non-Alcoholic

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors. The company was formerly known as Havre Global AB and changed its name to Oatly Group AB in March 2021. The company was founded in 1994 and is headquartered in Malmö, Sweden.

Open

0.61

Mkt cap

386M

Volume

High

0.66

P/E Ratio

-0.94

52-wk high

1.40

Low

0.60

Div yield

N/A

52-wk low

0.60

NXP Semiconductors, Medpace Holdings, Oatly Group, Archrock, Serve Robotics, Woodside Energy, Under Armour, and STMicroelectronics saw declines in pre-market trading following mixed earnings reports, narrowed revenue guidance, public offerings, and acquisition announcements.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:05 pm

Oatly has announced a partnership with EF Pro Cycling, which includes naming rights for training camps, logo placements on team uniforms and vehicles, event-specific activations, and collaborative content development. This partnership aims to integrate Oatly's dairy-free products into athletes' diets and promote the brand through various channels.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:31 pm

Non-alcoholic beverage maker Mixoloshe has rebranded as Smashd following a successful marketing campaign. The campaign, which featured an employee's quest to gain followers on social media, led to a significant increase in social media traffic and product sales. The company is now expanding into Walmart stores and aims to raise $10 million in venture capital.

Portfolio Pulse from Anthony Noto

June 10, 2024 | 6:00 pm

In Wednesday's after-market session, consumer staples stocks saw significant movement. Elevai Labs, Vintage Wine Estates, Herbalife, Edible Garden AG, Sprouts Farmers Market, and Top Wealth Group were among the gainers, with Elevai Labs leading at a 22.7% increase. On the downside, The Real Good Food, Barfresh Food Group, Oatly Group, Bruush Oral Care, Flora Growth, and Vector Group experienced declines, with The Real Good Food dropping the most at 9.8%. Notably, Herbalife, Sprouts Farmers Market, Oatly Group, and Vector Group released their Q1 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:31 pm

Oatly has reaffirmed its financial outlook for 2024, projecting a revenue growth of 5%-10% on a constant currency basis and an adjusted EBITDA loss of $35M-$60M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:08 am

Oatly Group's shares saw an increase following the announcement of their Q1 revenues, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:06 am

Oatly Group (NASDAQ:OTLY) reported Q1 2024 earnings with a GAAP EPS of $(0.08), meeting analyst expectations and marking a 38.46% improvement over last year's $(0.13) per share. Sales reached $199.155M, exceeding estimates by 0.69% and showing a 1.79% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:01 am

In Friday's intraday session, several consumer staples stocks experienced significant movements. Notably, Branchout Food (BOF) led the gainers with a 34.9% increase, while Edible Garden AG (EDBL) headed the losers with a 13.0% decline. Other notable movers included Nuzee (NUZE), Smart for Life (SMFL), Oatly Group (OTLY), and BBB Foods (TBBB) among the gainers, and Barfresh Food Group (BRFH), Vintage Wine Estates (VWE), Molson Coors Beverage (TAP), and Flora Growth (FLGC) among the losers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

Trump Media & Technology Group (TMTG), now publicly traded as DJT, has been labeled as a potential 'pump and dump' stock by investor Jason Calacanis, who is considering shorting it despite previously opposing short selling. TMTG's valuation of around $10 billion is questioned given its limited revenue and lack of tangible assets. The stock has become a meme stock, drawing attention on social media and Reddit. Calacanis's comments have sparked debate on the valuation and meme stock potential of DJT.

Portfolio Pulse from Chris Katje

March 28, 2024 | 2:56 pm

Oatly Group AB (OTLY) has announced a new distribution arrangement with Virgin Voyages, making Oatly Barista Edition the official oatmilk for all guests aboard Virgin Voyages' fleet. This partnership allows Oatly to expand its presence and reach over 2,700 guests per trip, aligning with its mission to provide a sustainable alternative to cow's milk. Oatly Barista Edition is designed to foam easily and not separate in hot or cold beverages, offering a delicious complement to coffee and tea without sacrificing taste or performance. The product also boasts a 46% lower climate impact than cow's milk in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:38 pm

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