Oatly shares surge after second-quarter revenue beats forecasts and outlook improves
Oatly Group AB reported stronger-than-expected second-quarter 2026 results, with revenue of $240.1 million, a 15% year-over-year increase and above the $220.1 million consensus estimate. The company raised its full-year constant currency revenue growth guidance to 8-10%, up from 3-5%. Adjusted loss per ADS was $0.99, beating expectations of a $1.02 loss. Europe & International led growth with a 21% revenue increase to $143.1 million, while North America grew 5.9% and Greater China 11.6%. Adjusted EBITDA turned positive at $0.4 million, compared to a loss of $3.6 million a year ago. Gross margin improved 143 basis points to 33.9%, and net loss narrowed to $31.3 million from $55.9 million. CEO Jean-Christophe Flatin attributed results to disciplined execution and improved channel mix. Shares surged over 16% in premarket trading.
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