Why Oatly Stock Was Soaring This Week [Yahoo! Finance]
Oatly Group AB - American Depositary Shares (OTLY)
Company Research
Source: Yahoo! Finance
posted Q1 earnings with more losses, but the numbers must have beat analyst expectations. As of Friday, May 3, shares of Oatly are off 96% from all-time highs after going public in the 2021 market frenzy. Here's why Oatly stock was rising this week, and whether it matters for investors. No growth, but fewer losses In the first quarter of 2024, Oatly's revenue only grew by a few million dollars to $199 million. However, it was able to greatly improve its unit economics by getting its gross profit from $34 million last year to $54 million this year. This improvement could have been a reason that Oatly's stock was rising this week. With the stock at around $1 a share and significantly off its highs, expectations were low for this struggling consumer goods brand. Operating income improved from a loss of $72 million last year in Q1 to a loss of $28.4 million this year. While a big improvement, Oatly is still highly unprofitable and has never generated a profit over a 12-month per
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News
- Levi & Korsinsky, LLP Notifies Shareholders of Oatly Group AB (OTLY) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Oatly Group AB Announces Results of 2024 Annual General Meeting [Yahoo! Finance]Yahoo! Finance
- Oatly Group AB Announces Results of 2024 Annual General MeetingGlobeNewswire
- Dairy and Dairy Alternative Demand Spaces Report 2024: Consumer Sentiment, Market Developments, Innovation Landscape, and Brand Actions [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky, LLP Notifies Shareholders of Oatly Group AB (OTLY) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
OTLY
Earnings
- 4/30/24 - Beat
OTLY
Sec Filings
- 5/15/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/30/24 - Form 6-K
- OTLY's page on the SEC website