OTLY - Oatly Group is seeing its supply issues improve as earnings approach

Oppenheimer checks in on Oatly Group AB (OTLY -3.7%) with earnings less than two weeks away. The firm says store checks indicate a much improved supply situation in Northern New Jersey and other U.S. markets such as Phoenix. In addition, the checks showed available Oatly oatmilk at Starbucks throughout the country. Oppenheimer says it will stay focused on OTLY management’s confidence on ramping to intermediate-term targets in the current difficult supply chain backdrop. "We continue to believe OTLY has a superior product offering, but remained focused on the evolving competitive backdrop as supply improves." Due to largely to elevated costs pressures, FY22 and FY23 EPS estimates are lowered with it unclear where Oatly (NASDAQ:OTLY) can take pricing amid high price competition from Chobani and others. Oppenheimer keeps a Perform rating on the Swedish oatmilk producer. See the track record of EPS revisions on OTLY.

For further details see:

Oatly Group is seeing its supply issues improve as earnings approach