MALMÖ, Sweden, March 30, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY), the world’s original and largest oat drink company, will report financial results for the first quarter ended March 31, 2026, on Wednesday April 29, 2026 before the U.S. market opens. Oatly will host a conference call and webcast at 8:00 a.m. ET on the same day to discuss the results. The conference call and simultaneous live webcast can be accessed on Oatly’s Investors website at https://investors.oatly.com under “Events.” The ...

Group 1 - Danone has entered a new joint venture with Arcor, focusing on its dairy business in Argentina, following the acquisition of Mastellone Hermanos, which owns La Serenísima [1][2] - The new venture will be a 50:50 partnership, incorporating Danone's local dairy operations, Mastellone Hermanos, and their jointly held logistics business, Logística La Serenísima [2][3] - The venture will operate eleven factories, producing a range of dairy products including dulce de leche, cheese, yogurt, and desserts [3] Group 2 - Danone's CEO highlighted that the new venture aims to create a robust growth platform, enhancing innovation, operational efficiency, and market reach [4] - La Serenísima, the flagship brand of Mastellone Hermanos, offers a variety of dairy products and exports to markets such as Brazil, the US, Mexico, and Russia [4] - Arcor's president emphasized that this strategic project reinforces their commitment to Argentina and strengthens their position in the consumer food products market [5]

Core Viewpoint - The Coca-Cola Company (NYSE:KO) is recognized as a high-growth dividend-paying stock, with a recent price target increase from Jefferies indicating positive market sentiment towards the company [1][2]. Group 1: Financial Performance - Coca-Cola returned $8.8 billion in dividends to shareholders last year, totaling approximately $102 billion since January 1, 2010 [3]. - The company is part of a select group of American businesses that significantly contribute to Berkshire Hathaway's portfolio, highlighting its stability and investor confidence [3]. Group 2: Market Trends - Jefferies raised Coca-Cola's price target to $90 from $87, maintaining a Buy rating, driven by a shift in consumer habits towards "easy protein" products [2]. - The demand for convenient and cost-effective protein options, such as yogurt, snacks, bars, and shakes, is expected to grow, benefiting Coca-Cola and related companies [2]. Group 3: Company Overview - The Coca-Cola Company operates globally across various segments, including Europe, the Middle East and Africa, Latin America, North America, Asia Pacific, and Bottling Investments, offering a wide range of beverage brands [3].

Group 1 - Oatly Group AB has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission [1] - The report is accessible on the Company's investor relations website [1] - Oatly is recognized as the world's original and largest oat drink company, focusing exclusively on oats for over 30 years [2] Group 2 - Oatly has developed a range of dairy alternatives, including milks, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks [2] - The Oatly brand is available in more than 60 countries globally [2]

Core Insights - Oatly Group AB has published its interim condensed consolidated financial statements for the year ending December 31, 2025, highlighting its performance and financial health [1] Company Overview - Oatly is recognized as the world's original and largest oat drink company, with over 30 years of expertise in developing oat-based products [2] - The company focuses on a diverse range of dairy alternatives, including milk, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks, leveraging the inherent properties of oats [2] - Oatly is headquartered in Malmö, Sweden, and its products are available in more than 50 countries globally [2]

Core Insights - The company has executed a decisive step to focus on key categories and brands by agreeing to sell its North American snacks business to Snackrupters for $115 million, with proceeds aimed at reducing debt and strengthening financial position [1][5][29] - The strategic review aims to simplify the portfolio, enhance financial flexibility, and maximize shareholder value, with a focus on three flagship categories: tea, yogurt, and baby and kids [2][6][13] Financial Performance - North American snacks represented 22% of the company's net sales in fiscal 2025 and 38% of the North America segment's net sales, contributing negligible EBITDA over the last twelve months [5][19] - The adjusted gross margin for the second quarter was 19.5%, a decrease of approximately 340 basis points year over year, driven by cost inflation and lower volume mix [16] - Adjusted EBITDA for the second quarter was $24 million, down from $38 million a year ago, reflecting lower gross margins partially offset by reduced SG&A expenses [19] Operational Improvements - The company has seen improvements in forecast accuracy, inventory management, and service levels, with North America achieving over 96% service levels in the quarter [10][11] - SG&A expenses decreased by 13% year over year to $61 million, representing 15.9% of net sales compared to 17% in the prior year [16][17] - The company is implementing a turnaround strategy centered on five key actions to win, including streamlining the portfolio and enhancing digital capabilities [8][32] Strategic Focus - The divestiture of the snacks business is seen as a pivotal moment, allowing the company to concentrate on higher-margin categories with expected gross margins above 30% and EBITDA margins in the low double digits [6][31] - The company plans to reinvest in remaining categories, leveraging freed-up resources from the divestiture to enhance innovation and marketing efforts [45][46] - The strategic review is expected to yield a multistage plan aimed at improving liquidity and leverage, with the divestiture being a significant first step [29][30] Market Outlook - The company anticipates strong cost management and productivity improvements in the second half of fiscal 2026, with expectations for positive free cash flow [32][33] - Innovations in the tea and yogurt segments are expected to drive growth, with the company focusing on areas where it holds a strong market position [56][63] - The company is committed to enhancing its financial position and operational health, aiming for sustainable, profitable growth and long-term shareholder value [34][35]

Financial Data and Key Metrics Changes - The company reported an organic net sales decline of 7% year-over-year, driven by lower sales in both North America and international segments [15] - Adjusted gross margin decreased to 19.5%, a drop of approximately 340 basis points year-over-year, primarily due to cost inflation and lower volume mix [15][16] - Adjusted EBITDA was $24 million, down from $38 million a year ago, reflecting lower gross margins [17][18] Business Line Data and Key Metrics Changes - In North America, organic net sales declined 10% year-over-year, primarily due to lower volume in snacks and baby formula, with adjusted gross margin at 20.8%, a decrease of 440 basis points [18][19] - The international segment saw a 3% decline in organic net sales, with adjusted gross margin at 18.1%, a 200 basis point decrease [19][20] - Snacks organic net sales were down 20% year-over-year, while the baby and kids segment saw a 14% decline [20] Market Data and Key Metrics Changes - North American snacks represented 22% of the company's net sales in fiscal 2025 and 38% of the North America segment's net sales, with negligible EBITDA contribution over the last 12 months [8][12] - The core categories in North America, including tea, yogurt, and baby foods, showed stability and growth potential despite challenges in other areas [12][18] Company Strategy and Development Direction - The company is executing a strategic review aimed at simplifying its portfolio, enhancing financial flexibility, and maximizing shareholder value [5][9] - A definitive agreement was reached to sell the North American snacks business for $115 million, with proceeds intended to reduce debt and strengthen the financial position [6][7] - The focus will shift to three flagship categories: tea, yogurt, and baby and kids, while continuing to develop the meal prep platform [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround strategy, highlighting improvements in operational execution and cash flow [12][14] - The company anticipates stronger top and bottom-line performance in the second half of the year, driven by ongoing initiatives and innovation [27][29] - Management acknowledged near-term pressures but emphasized the importance of strategic actions to drive sustainable growth [12][14] Other Important Information - Free cash flow in the second quarter was $30 million, an increase of 22% compared to the previous year [22] - The company has reduced net debt by $32 million, bringing total net debt to $637 million [23][24] - The strategic review includes plans for further asset sales and operational improvements to enhance financial flexibility [25] Q&A Session Summary Question: Details on the decision to divest the snacks portfolio - Management explained that the decision was part of a strategy to simplify the portfolio and focus on categories where the company has strengths, noting that snacks had become financially challenged [34][35] Question: Reallocation of innovations post-divestiture - Management confirmed plans to mitigate stranded costs of $20 million-$25 million and emphasized that freed resources would support innovation in remaining categories [41][42] Question: Cash generation from the snacks business - Management indicated that the snacks business was not a significant cash generator, and the divestiture would improve overall cash generation capabilities [45] Question: Future growth in the baby and kids business - Management expressed confidence in returning to growth in the baby and kids segment, particularly after cycling past challenges and launching new products [84][85]

Financial Data and Key Metrics Changes - The company reported an organic net sales decline of 7% year-over-year for the second quarter, driven by lower sales in both North America and international segments [15] - Adjusted gross margin decreased to 19.5%, a drop of approximately 340 basis points year-over-year, attributed to cost inflation and lower volume mix [15][16] - Adjusted EBITDA was $24 million, down from $38 million a year ago, reflecting lower gross margins [17][18] Business Line Data and Key Metrics Changes - In North America, organic net sales declined 10% year-over-year, primarily due to lower volume in snacks and baby formula, while beverages showed growth [18] - The adjusted gross margin in North America was 20.8%, a decrease of 440 basis points compared to the prior year [18] - International organic net sales declined 3%, with adjusted gross margin at 18.1%, a 200 basis point decrease year-over-year [19] Market Data and Key Metrics Changes - North American snacks represented 22% of the company's net sales in fiscal 2025, contributing negligible EBITDA over the last 12 months [8] - The core categories in North America, including tea, yogurt, and Baby & Kids, are expected to deliver stronger EBITDA margins in the low double digits [8][26] Company Strategy and Development Direction - The company is executing a strategic review aimed at simplifying its portfolio, enhancing financial flexibility, and maximizing shareholder value [5][9] - The divestiture of the North American snacks business for $115 million is a decisive step to focus on key categories and brands [6][7] - The company aims to drive sustainable, profitable growth through five key actions: streamlining the portfolio, accelerating brand innovation, strategic revenue management, productivity improvements, and strengthening digital capabilities [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction, emphasizing the importance of operational health and cash delivery [29] - The company anticipates sequential improvement in both top and bottom-line performance in the second half of the fiscal year, driven by innovation and pricing actions [27][62] - Management highlighted the need to focus on demand fulfillment categories where the company has demonstrated consistent delivery [51] Other Important Information - Free cash flow in the second quarter was $30 million, an increase of 22% compared to the previous year [22] - The company has reduced net debt by $32 million, bringing total net debt to $637 million [23][24] - The strategic review includes plans for further asset sales and operational improvements to enhance financial flexibility [25] Q&A Session Summary Question: Details on the decision to divest the snacks portfolio - Management explained that the decision was driven by the need to simplify the portfolio and focus on categories where the company can win, noting that snacks had become financially challenged [35][36] Question: Reallocation of innovations post-divestiture - Management confirmed that divesting snacks would free up resources for innovation in remaining categories, with plans to mitigate stranded costs within 6 to 12 months [41][42] Question: Cash generation from the snacks business - Management indicated that the snacks business was not a significant cash generator, and the divestiture would improve overall cash generation capabilities [45] Question: Future growth in Baby & Kids business - Management expressed confidence in returning to growth in the Baby & Kids segment, particularly after cycling past challenges and launching new products [85]

Financial Data and Key Metrics Changes - Organic net sales declined by 7% year-over-year, driven by lower sales in both North America and international segments [13] - Adjusted gross margin decreased to 19.5%, a drop of approximately 340 basis points year-over-year due to cost inflation and lower volume mix [14] - Adjusted EBITDA was $24 million, down from $38 million a year ago, reflecting lower gross margins [16][17] Business Line Data and Key Metrics Changes - North America organic net sales declined 10% year-over-year, primarily due to lower volume in snacks and baby formula [17] - International organic net sales declined 3%, an improvement from a 4% decline in the first quarter, driven by stabilization in baby and kids categories [18] - Snacks category saw a 20% decline in organic net sales year-over-year, while tea and yogurt showed growth [19][20] Market Data and Key Metrics Changes - North American snacks represented 22% of the company's net sales in fiscal 2025, with negligible EBITDA contribution over the last 12 months [6] - The international business showed a sequential improvement in cash flow and sales trends, particularly in tea and yogurt [11][12] Company Strategy and Development Direction - The company is executing a strategic review to simplify its portfolio, enhance financial flexibility, and maximize shareholder value [4][5] - A definitive agreement was reached to sell the North American snacks business for $115 million, aimed at reducing debt and strengthening the financial position [5][6] - The focus will shift to three flagship categories: tea, yogurt, and baby and kids, while continuing to develop the meal prep platform [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround strategy and the potential for improved top and bottom-line performance in the second half of the year [12][27] - The divestiture is expected to enhance gross margin and EBITDA, with the remaining North American portfolio anticipated to have gross margins above 30% [26] - Management highlighted the importance of innovation and operational discipline in driving future growth [9][41] Other Important Information - Free cash flow in the second quarter was $30 million, an increase of 22% compared to the previous year [22] - The company has reduced net debt by $32 million, bringing total net debt to $637 million [23][24] - The strategic review includes plans for further asset sales and operational improvements to enhance financial flexibility [25] Q&A Session Summary Question: Details on the decision to divest the snacks portfolio - Management explained that simplifying the portfolio was necessary to focus on growth areas, as snacks had become financially challenged and required capabilities that were not aligned with the company's strengths [36][37] Question: Reallocation of innovations post-divestiture - Management confirmed that divesting snacks would free up resources for innovation in remaining categories, with plans to mitigate stranded costs within 6-12 months [40][41] Question: Cash generation from the snacks business - Management indicated that the snacks business was not a significant cash generator, and the divestiture would improve overall cash generation capabilities [44][45] Question: Flexibility regarding upcoming debt maturity - Management stated that they are in constructive dialogue with their bank group and are evaluating options to refinance or extend maturities [46][47] Question: Future growth in the baby and kids business - Management highlighted that the business is expected to return to growth as they cycle past previous challenges and continue to innovate [84][85]

Hain Celestial Second Quarter Fiscal Year 2026 Financial Results Forward-Looking Statements assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. The words "believe," "expect," "anticipate," "may," "should," "plan," "intend," "potential," "will" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, amon ...