The company reported a quarterly loss of $27.5 million, or 86 cents per American depositary share, an improvement from the $65.3 million loss recorded during the same period last year. Despite this narrowing deficit, the result fell short of the 81-cent-per-share loss projected by analysts tracked by FactSet. Total revenue climbed 9.1% to reach $243.1 million, bolstered by a 20% gain in the Europe and international segment.
In section Market Quotes
Oatly Shares Tumble as Chinese Market Weakness Shadows Revenue Growth
A 15% revenue decline across Greater China has cast a pall over Oatly’s third-quarter performance, triggering an 18% premarket slide in the company’s share price to $9.67. While losses narrowed compared to the previous year, the Swedish plant-based dairy firm struggled to meet analyst expectations amid stiff regional competition.
Management is currently conducting a strategic review of its Chinese operations to combat the impact of intensified competition within the food-service sector. This assessment is expected to span into 2026. Looking ahead, Oatly reaffirmed its long-term guidance, projecting constant currency revenue growth between 8% and 10% by 2026.
Comments (0)
No comments yet. Be the first!