Oatly Group Ab (OTLY)
NASDAQ:OTLY
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-1.02Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter showed clear operational progress: double‑digit reported revenue growth, notable gross margin expansion (+188 bps), a return to positive adjusted EBITDA ($5M), improved free cash flow, and strong momentum in Europe and improving traction in North America driven by beverage innovation and execution. Offsetting these positives are meaningful near‑term cost headwinds from the Middle East conflict (fuel, logistics, packaging), margin pressures in North America distribution, a decline and strategic uncertainty in Greater China, and the expectation of no positive full‑year free cash flow in 2026. Management has reaffirmed guidance but remains cautious and will deploy working capital and efficiency levers to mitigate costs. On balance, the call conveyed stronger operating momentum and disciplined progress with acknowledged near‑term risks and uncertainty.Company Guidance
Revenue Growth — Q1 2026
Total revenue grew 15.6% year‑over‑year (8.1% on a constant currency basis) in Q1 2026, driven by volume (+5.6%) and price/mix (+2.5%), with a 7.5% FX tailwind in the quarter.
Gross Margin Expansion
Gross margin improved to 33.4% in Q1, an increase of 188 basis points versus prior year, driven by fixed cost absorption and supply chain efficiencies (≈110 bps), product and channel mix (≈110 bps), and FX tailwinds (≈40 bps), partially offset by inflation (~80 bps).
Adjusted EBITDA Turnaround
Adjusted EBITDA reached positive $5.0 million in Q1 (2.2% of net sales), an improvement of $8.7 million year‑over‑year, primarily driven by a $14 million increase in gross profit.
Free Cash Flow Improvement
Free cash flow was negative $11.7 million in Q1, an $8.8 million improvement versus prior year; company emphasized working capital and other levers to drive toward structurally positive free cash flow over time.
Europe & International Momentum
Europe and International net sales grew 14.5% in constant currency, contributing to a $16 million increase in segment adjusted EBITDA year‑over‑year and broad retail market share gains across measured European markets.
North America Progress
North America returned to positive volume growth for the first time since Q4 2024; segment revenue grew 3.8% overall and 12.3% excluding the largest foodservice customer, with retail beverage portfolio representing >95% of channel revenue and U.S. oat milk market share breaking 30% for the first time.
Product & Commercial Execution
Strong beverage-focused innovation and commercialization (Barista lineup, new flavors, Cold Foam Barista) and intensified field presence (60+ beverage market developers) showed early traction in foodservice and retail, aiding incremental consumption among younger consumers.
Guidance Reaffirmed
Company reaffirmed 2026 guidance: constant currency revenue growth of 3%–5% and adjusted EBITDA toward the low end of $25 million–$35 million, while noting FX could add ~100–200 bps to full‑year net sales growth under current rates.
OTLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OTLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $11.59 | $12.02 | +3.71% |
Feb 11, 2026 | $11.19 | $12.39 | +10.72% |
Oct 29, 2025 | $15.62 | $15.08 | -3.46% |
Jul 23, 2025 | $15.23 | $15.36 | +0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oatly Group Ab (OTLY) report earnings?
Oatly Group Ab (OTLY) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Oatly Group Ab (OTLY) earnings time?
Oatly Group Ab (OTLY) earnings time is at Jul 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTLY EPS forecast?
OTLY EPS forecast for the fiscal quarter 2026 (Q2) is -1.02.
