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Oatly Group (OTLY)
NASDAQ:OTLY
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.94Last Year’s EPS
-0.51Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a meaningful turnaround: Oatly achieved its first full year of profitable growth, delivered improved gross margins, positive adjusted EBITDA in Q4 and for the year, meaningful volume and market-share gains (notably across Europe), and substantial structural cost improvements. Management provided concrete product innovation plans and a clear growth playbook with 2026 guidance that targets modest top-line growth (3%–5% constant currency) and stronger adjusted EBITDA ($25M–$35M). Offsetting these positives, challenges remain: North America experienced a revenue decline driven by a large foodservice customer (creating a ~200 bps headwind), Greater China is under review with slight revenue declines, free cash flow is still negative (net outflow $39M) and category softness in U.S. retail persists. On balance, the highlights—profitability, margin expansion, market-share gains, and operational efficiencies—outweigh the lowlights and point to continued progress toward sustainable profitable growth, though execution risks (customer concentration, China, and retail conversion) remain.Company Guidance
First Full-Year Profitable Growth
Oatly delivered its first full year of profitable growth since IPO: full-year adjusted EBITDA of $6.8 million and management calling the company 'structurally profitable' and entering a 'profitable growth era.' 2026 adjusted EBITDA guidance of $25M–$35M indicates expected acceleration.
Top-Line Growth — Q4 and Full Year
Q4 revenue grew 9.1% (4.3% constant currency). Full-year revenue grew 4.7% (2.2% constant currency). 2026 revenue guidance is +3% to +5% on a constant currency basis (includes ~200 bps headwind from a large North America customer).
Significant Gross Margin Expansion
Q4 gross margin was 34.5%, up ~580 basis points year-over-year. Full-year gross margin improved to over 32%, +2,100 basis points versus 2022. Supply chain absorption and efficiencies contributed ~400 bps and pricing/product mix added ~200 bps in Q4.
Volume and Market Share Gains
Company sold more volume than ever in 2025 — 18% more than 2022. Q4 volume increased 2.9% overall; Europe & International volume grew 13.9% in the quarter. Oatly expanded retail market share across all measured European markets and became #1 plant-based drink brand in Germany.
Segment Outperformance and Profitability
Europe & International delivered solid growth (established markets +7%, expansion markets +54%) and a $9.9M increase in segment adjusted EBITDA. North America (excluding a large foodservice customer) grew ~10% in Q4 and reported its highest-ever quarterly segment profit ($4.4M). Greater China reported $1.1M adjusted EBITDA despite slightly lower revenue.
Cost, Efficiency and Structural Improvements
Since turnaround began in 2022: revenue up 19%, adjusted EBITDA improved by $275M, and free cash flow improved by $436M. Management reduced cost of goods sold per liter by 23% and reduced total SG&A by nearly $100M (≈21% of revenue) through supply-chain restructuring, co-packer consolidation and the closure of the Singapore facility.
Cash Flow Progress and Balance Sheet Actions
Full-year free cash flow outflow of $39M, an improvement of $117M versus prior year. Company completed refinancing actions (convertible note reduction) producing an estimated ~$5M of annual non-cash interest savings.
Product Innovation and Consumer Relevance
Management is rolling out a 'refreshed growth playbook' and new innovations: flavored Barista lineup expansions (e.g., churros, coconut), matcha retail launches, baristamatic for automatic machines, and a new cold-form Barista product. Company is also launching a fiber-focused campaign leveraging its product nutrition profile to drive adoption.
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 |
|---|---|---|---|
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% |
Apr 30, 2025 | $10.28 | $10.14 | -1.36% |
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 (OTLY) report earnings?
Oatly Group (OTLY) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Oatly Group (OTLY) earnings time?
Oatly Group (OTLY) earnings time is at May 06, 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 (Q1) is -0.94.
