Oatly (OTLY) Misses Q3 EPS by 7c, Guidance Misses

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Oatly Reports Third Quarter 2022 Financial Results

November 14, 2022 7:00 AM EST

Third Quarter Revenue Increased 7.0% to $183.0 Million Compared to Prior Year Period; Increased 16.7% to $199.7 Million in Constant Currency

Announces Strategic Actions to Adapt Supply Chain Network Strategy and Simplify Organizational Structure

Updates Fiscal Year 2022 Outlook

MALMÖ, Sweden, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (Oatly or the Company), the worlds original and largest oat drink company, today announced financial results for the third quarter and nine months ended September 30, 2022.

Toni Petersson, Oatlys CEO, commented, Third quarter... More