Oatly (OTLY) Tops Q2 EPS by 1c

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Go back to Oatly (OTLY) Tops Q2 EPS by 1c

Oatly Stock Tumbles - Struggles to Convert Consumers from Dairy to Plant-Based Milk

August 2, 2022 4:31 PM EDT

Oatly (NASDAQ: OTLY) posted a narrower-than-expected loss and topped second-quarter revenue expectations when it reported Tuesday.

The Swedish company that produces alternatives to dairy products from oats posted a second-quarter loss per share of $0.12, $0.01 better than the analyst estimate of a $0.13 loss per share. Revenue for the quarter came in at $189.6 million versus the consensus estimate of $183.49 million and 21.8% above revenue in Q2 2021.

The company faced headwinds, including China Covid-related... More