Oatly Group reports Q1 EPS (38c) vs. (51c) last year

Reports Q1 revenue $228.33M, consensus $215.03M. Jean-Christophe Flatin, Oatly’s CEO, commented, “I am pleased to report a solid start to the year, as we continue to build on the momentum from our first full year of profitable growth. Our first quarter results reflect the disciplined execution of our strategy. We are encouraged that our growth playbook is beginning to gain traction in North America, consistent with the success we have seen in other markets, all while we make progress in reducing our cost structure.”