OTLY - Oatly Shares Sour After Q4 Earnings Report Despite Revenue Growth | Benzinga
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 ...