Oatly (OTLY) Announces Americas Oat Base Capacity Expansion to Support an Acceleration in Consumer Demand

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Go back to Oatly (OTLY) Announces Americas Oat Base Capacity Expansion to Support an Acceleration in Consumer Demand

Oatly’s (OTLY) Guidance Tops Consensus, Analysts Raise PTs

August 17, 2021 7:06 AM EDT

Shares of Oatly Group AB (NASDAQ: OTLY) are down almost 1% despite the strong outlook presented by the Sweden-based company

Oatly reported Q1 EPS of negative $0.11, slightly worse than a loss of $0.10 per share expected. Revenue for the quarter came in at $146.2 million, versus $95.3 million reported last year.

2021 represents the most transformational year in our Companys history with the completion of our successful IPO in May, which has provided us with the capital to fuel new production... More