Soda’s comeback is still in full swing this week, in the guise of Poppi’s (now permanent) revival of one of its best-selling LTOs and AriZona’s philanthropic take on a Brooklyn classic. Plus protein cold brew from Wandering Bear, Mingle Mocktails’ new mood-boosting drinks and much more.
This spring’s crop of public company earnings offered a mixed bag of results, as large players struggled, smaller brands soared, and “economic uncertainty” was the phrase of the month. As we close the books on Q1, here’s some of our main takeaways.
Lucky Energy is emphasizing the importance of clean ingredients in its new ad campaign, “Shangry,” which playfully highlights the digestive issues traditional energy drinks can cause.
Oatly CEO Jean-Christophe Flatin predicted that the Swedish plant milk business will have its first year of profitable growth since going public in 2025, praising the company’s efforts to improve its supply chain and overhead structure during its Q4 and full year 2024 earnings report this morning.
Oatly made “solid progress” towards profitability showing double-digit revenue and volume gains in North America with total revenue of $208 million, in the third quarter.
Former Health-Ade CFO Gary Cooperman has been appointed to Pressed Juicery’s leadership team in a split role as CFO and COO where he is focusing on expanding the brand’s retail presence.
After several years focused primarily on innovating in the food space, Swedish plant-based products maker Oatly is getting back to basics with two new oat milk launches: Unsweetened Oatmilk and Super Basic Oatmilk.
On Wednesday’s Q4 earnings call, Oatly announced $195.1 million in revenue, while also informing investors that it had secured $425 million in financing commitments that will allow the business to grow to “self-sufficiency.”
Fueled by widespread acceptance for both almond and oat milks, plant-based milk continues to scale at a healthy clip, expanding dollar sales 9.1% through January 23, according to data from IRI.
Oat milk giant Oatly is expanding its foodservice presence in the U.S. through a new partnership with Graduate Hotels slated to begin in January.
Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.
Swedish oat milk and frozen dessert producer Oatly Group AB reported double-digit revenue growth during the second quarter, but a challenging global market has led the company to decelerate its capital expense plan and focus on meeting existing demand.
Oatly took a broadsheet broadside yesterday, with the Wall Street Journal reporting on the ways that problems around the company’s attempts to scale over the past two years are affecting the faith of the markets. The story came as the stock price for the oat milk pioneer continued their steep descent Monday, bottoming at less than $5 per share, or less than ⅕ of a mid-June high of $29.
Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
