In a delightful collaboration announced on Monday, Oatly and Carvel are teaming up to introduce a delectable range of oat milk-based treats at Carvel’s ice cream shops across the nation. Investors responded with enthusiasm, causing Oatly’s shares to surge by approximately 7% during Monday’s trading.
Oatly, a Swedish company with a market cap of around $657 million, has faced challenges in regaining the initial investor fervor it experienced upon its stock market debut in 2021. Currently trading at approximately $1.12 a share, the company has seen fluctuations in its financial performance, prompting a reevaluation of its stock value since its IPO.
The partnership with Carvel, renowned for its velvety soft-serve creations, brings a sweet twist to the menu with the addition of five new plant-based desserts. Available at nearly 300 Carvel stores spanning 18 states, the Oatly-infused lineup features tempting options like strawberry soft serve, scooped cookies and cream, chocolate peanut butter flavors, and mouthwatering cakes.
With an eye on inclusivity, Oatly aims to cater to individuals with dairy allergies or dietary restrictions through this collaboration. The move aligns with the growing trend of consumers embracing plant-based milk, with oat milk carving out a substantial share of this evolving market.
Jim Salerno, Chief Brand Officer at Carvel, expressed excitement in a statement, highlighting that “Oatly is the latest way we are breaking through to bring our guests a new offering we know there is a lot of excitement behind.” This partnership not only adds a delightful twist to Carvel’s offerings but also underscores the evolving landscape of plant-based alternatives in the world of sweet treats.