Oatly (OTLY) Tops Q3 EPS by 1c, provides outlook

Oatly (NASDAQ: OTLY) reported Q3 EPS of ($0.06), $0.01 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $208 million versus the consensus estimate of $208.22 million.

Outlook
Based on the Company’s assessment of the current operating environment and the actions it is taking, the Company is refining its full year 2024 outlook. The Company now expects:

Constant currency revenue growth near, or slightly below, the low end of the previously-provided range of 6% to 10%,
Adjusted EBITDA near the favorable end of its previously-provided range of $(35) million to $(50) million, and
Capital expenditures below $55 million, compared to the prior expectation of below $70 million.

For earnings history and earnings-related data on Oatly (OTLY) click here.

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