Oatly Shares Surge on Upgraded Annual Revenue Forecast

The company now anticipates revenue growth between 8% and 10% in constant currency for the year, a significant jump from its previous guidance of 3% to 5%. This optimism follows a second-quarter performance where revenue climbed 15% to $240.1 million, comfortably beating the $219.5 million analysts had modeled. Concurrently, the firm narrowed its quarterly losses to $31.3 million, or 99 cents per American depositary share, compared to a $55.9 million loss during the same period last year.

Chief Executive Jean-Christophe Flatin attributed the gains to strong demand and the successful execution of a strategy focused on refining channel, customer, and product mixes. He noted that the company’s growth playbook is currently outperforming in Europe while gaining momentum in North America. Oatly maintains its forecast for adjusted EBITDA between $25 million and $35 million, alongside capital expenditure projections in the $20 million to $30 million range, as the company continues to manage cost structures and navigate external pressures.