Oatly Vs. Pepsi: Which Beverage Stock Is A Better Buy?

In May, PEP launched soulboost, a sparkling water beverage with a splash of real juice and functional ingredients. Available in four flavors, this sparkling water beverage  supports mental stamina and relaxation. The company expects this product to attain good market reach because  the demand for wellness products is on the rise.

On behalf of its stockholders, Bragar Eagel & Squire, P.C., a law firm announced today that it is investigating potential claims against OTLY regarding  allegations it  violated  the federal securities laws and/or engaged in other unlawful business practices. On July 14, 2021, Spruce Point Capital Management published a report accusing OTLY of misleading investors by omitting or manipulating key facts in public filings concerning its revenue and margins, as well as its “green” credentials. The report also outlined why they believe OTLY’s shares face up to 30% -70% intermediate-term downside risk and longer-term insolvency risk. These developments are  likely to make investors lose confidence in the stock now.

Recent Financial Results

PEP’s net revenues for its fiscal second quarter, ended June 12, 2021, increased 20.5% year-over-year to $19.22 billion. The company’s non-GAAP gross profit has been reported at $10.34 billion, which represents a 16.7% year-over-year improvement. Its non-GAAP operating profit came in at $3.17 billion, up 26% from the prior-year period. While its non-GAAP net income increased 30.1% year-over-year to $2.39 billion, its non-GAAP EPS increased 30.3% year-over-year to $1.72. The company had $5.45 billion in cash and cash equivalents  as of June 12, 2021.

In its IPO filing with the U.S. SEC on April 19, 2021, OTLY revealed that for its fiscal year ended, December 31, 2020, its revenue increased 106.5% year-over-year to $421.35 million. The company’s gross profit came in at $129.24 million, up 94.1% from the prior-year period. Its operating loss came in at $47.09 million, which represents a 53.1% year-over-year rise. OTLY’s net loss increased 69.4% year-over-year to $60.36 million. And its loss per share increased 52.1% year-over-year to $3.59. As of December 31, 2020, the company had $105.36 million in cash and cash equivalents.

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