Oatly Group (OTLY) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Oatly Group AB, the leading oat drink company, has reported a 3.2% revenue increase to $202.2 million in Q2 2024, with a notable 10 percentage point gross margin improvement and a $56.3 million reduction in net loss from the same period last year. The company experienced volume growth across all segments and has raised its full-year 2024 revenue and adjusted EBITDA outlook while decreasing its capital expenditure forecast.
For further insights into OTLY stock, check out TipRanks’ Stock Analysis page.