Oatly Shares Sour After Q4 Earnings Report, Despite Revenue Growth



Oatly Group AB (NASDAQ:OTLY) shares are diving on Thursday.

The Malmö, Sweden-based company reported a fourth-quarter loss per share of $(0.50). That’s wider than the analyst consensus of $(0.15).

The company, known for making alternatives-to-diary products (i.e., oat milk) reported quarterly revenues of $204.12 million. This beat the street view of $191.34 million.

Quarterly revenues rose 4.6% compared to the prior year period, and constant currency revenue increased 2.5%.

Oatly experienced revenue growth in both the retail channel and food service channel. However, this was partially offset by a decline in other …

Full story available on Benzinga.com


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