|Bid||2.4500 x 3100|
|Ask||2.4600 x 4000|
|Day's range||2.4000 - 2.4700|
|52-week range||1.2800 - 5.3800|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||15 Mar 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4.69|
Oatly Group (NASDAQ: OTLY) was shaping up to be a stock market rocket this week. The market continued to be impressed by Oatly's new tie-up with a top name in fast food restaurants. On Monday, Oatly revealed that it struck a partnership deal with no less a company than McDonald's (NYSE: MCD).
Shares of oat milk company Oatly (NASDAQ: OTLY) jumped on Monday after announcing a partnership with fast-food giant McDonald's. As of noon ET, Oatly stock was up 7%, but it had been up as much as 12% earlier in the day. According to an official press release, Oatly is partnering with McDonald's in Austria. Specifically, McDonald's McCafe will use Oatly's Barista Edition beverages -- oat milk that's foamable when warmed, just like regular milk.
Good morning, and thank you for joining us today on Oatly's fourth quarter and full year 2022 earnings conference call and webcast. On today's call are Toni Petersson, chief executive officer; and Christian Hanke, chief financial officer.