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2021-08-17

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Oat milk shortage about to end? Oatly CEO weighs in

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Oatly CEO weighs in","url":"https://stock-news.laohu8.com/highlight/detail?id=2160227298","media":"Yahoo Finance","summary":"Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk s","content":"<p>Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.</p>\n<p>\"No,\" Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. \"It's going to improve. It has improved since March. It's going to continue to increase [product availability] every single month here.\"</p>\n<p>To help improve demand, Oatly said it will increase production capacity at its Ogden, Utah, facility and in facilities in Asia and Europe. The company expects to increase production by 200% by the end of 2022, compared to 2020.</p>\n<p>Persistent supply constraints weighed on Oatly's second quarter performance. Sales rose 53.3% year-over-year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss came in at $31.9 million compared to a loss of $1.2 million a year ago.</p>\n<p>Here is how Oatly performed compared to Wall Street analyst estimates for the second quarter:</p>\n<ul>\n <li><p><b>Net Sales:</b> $146.2 million vs. $147 million</p></li>\n <li><p><b>Loss per Share:</b> $0.11 vs. $0.10</p></li>\n</ul>\n<p>The company reiterated its long-term targets for a gross margin of 40% and EBITDA margin approaching 20%.</p>\n<p class=\"t-img-caption\"><img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-05/04bbd330-b981-11eb-be6b-cd751c23d5d4\" tg-width=\"4032\" tg-height=\"3024\" width=\"100%\" height=\"auto\"><span>Oatly containers are displayed at a grocery store, Tuesday, May 18, 2021, in North Miami, Fla. Oatly, the world’s largest oat milk company, will raise $1.4 billion in an initial public offering Thursday, May 20 on the Nasdaq stock exchange. (AP Photo/Marta Lavandier)ASSOCIATED PRESS</span></p>\n<p>Oatly shares rose 1% to $17 in Monday trading, putting the stock price in line with the IPO's pricing in mid-May. The stock had reached a high of $28 in mid-June amid optimism on the outlook for oat milk demand and Oatly's leading market share position in the market. But shares came under pressure in mid-July following an attack on the company's financial reporting by short-seller Spruce Point.</p>\n<p>Oatly was quick to rebuff Spruce Point's claims.</p>\n<p>When asked by Yahoo Finance if he has a message for investors following the short-seller report, Petersson said Oatly remains a growth company.</p>\n<p>\"There are a lot of things we want to say. But we are positioned to take a global leading role in driving the plant-based revolution forward. We haven't even started to scratch the surface yet and the runway is massive,\" Petersson said.</p>\n<p>To that point, Oatly has recently begun selling soft-serve ice cream. The surface is being scratch, so it seems.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oat milk shortage about to end? 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Oatly CEO weighs in\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oat-milk-shortage-about-to-end-oatly-ceo-weighs-in-173820828.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oat-milk-shortage-about-to-end-oatly-ceo-weighs-in-173820828.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f2dfac8b367cf26a99a7470fe4e042d5","relate_stocks":{"SBUX":"星巴克","OTLY":"Oatly Group AB","PEP":"百事可乐","DNUT":"Krispy Kreme, Inc.","ACI":"艾伯森","KR":"克罗格","KO":"可口可乐","WEN":"温蒂汉堡","CPB":"金宝汤","MCD":"麦当劳","QSR":"餐饮品牌国际","WMT":"沃尔玛","TGT":"塔吉特","BYND":"Beyond Meat, Inc."},"source_url":"https://finance.yahoo.com/news/oat-milk-shortage-about-to-end-oatly-ceo-weighs-in-173820828.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160227298","content_text":"Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.\n\"No,\" Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. \"It's going to improve. It has improved since March. It's going to continue to increase [product availability] every single month here.\"\nTo help improve demand, Oatly said it will increase production capacity at its Ogden, Utah, facility and in facilities in Asia and Europe. The company expects to increase production by 200% by the end of 2022, compared to 2020.\nPersistent supply constraints weighed on Oatly's second quarter performance. Sales rose 53.3% year-over-year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss came in at $31.9 million compared to a loss of $1.2 million a year ago.\nHere is how Oatly performed compared to Wall Street analyst estimates for the second quarter:\n\nNet Sales: $146.2 million vs. $147 million\nLoss per Share: $0.11 vs. $0.10\n\nThe company reiterated its long-term targets for a gross margin of 40% and EBITDA margin approaching 20%.\nOatly containers are displayed at a grocery store, Tuesday, May 18, 2021, in North Miami, Fla. Oatly, the world’s largest oat milk company, will raise $1.4 billion in an initial public offering Thursday, May 20 on the Nasdaq stock exchange. (AP Photo/Marta Lavandier)ASSOCIATED PRESS\nOatly shares rose 1% to $17 in Monday trading, putting the stock price in line with the IPO's pricing in mid-May. The stock had reached a high of $28 in mid-June amid optimism on the outlook for oat milk demand and Oatly's leading market share position in the market. But shares came under pressure in mid-July following an attack on the company's financial reporting by short-seller Spruce Point.\nOatly was quick to rebuff Spruce Point's claims.\nWhen asked by Yahoo Finance if he has a message for investors following the short-seller report, Petersson said Oatly remains a growth company.\n\"There are a lot of things we want to say. But we are positioned to take a global leading role in driving the plant-based revolution forward. We haven't even started to scratch the surface yet and the runway is massive,\" Petersson said.\nTo that point, Oatly has recently begun selling soft-serve ice cream. The surface is being scratch, so it seems.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/833015064"}