Oatly (OTLY) Tops Q2 EPS by 2c, raises FY outlook

Oatly (NASDAQ: OTLY) reported Q2 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $202.2 million versus the consensus estimate of $201.29 million.

Outlook:
The Company is raising its full year 2024 outlook for constant currency revenue growth and adjusted EBITDA while lowering its guidance for capital expenditures. The Company now expects:

Constant currency revenue growth in the range of 6% to 10%, compared to the prior expectation of 5% to 10%,
Adjusted EBITDA loss in the range of $(35) million to $(50) million, compared to the prior expectation of range of $(35) million to $(60) million, and
Capital expenditures below $70 million, compared to the prior expectation of below $75 million.

For earnings history and earnings-related data on Oatly (OTLY) click here.

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