Oatly achieveds $240.1 million in second-quarter revenue
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- Oatly achieved $240.1 million in second-quarter revenue alongside a slightly positive adjusted EBITDA of $0.4 million.
- The plant-based beverage maker narrowed its net loss to $31.3 million as gross margins improved.
- Management stated that it expects full-year constant-currency revenue growth between 8 percent and 10 percent.
Oatly (NASDAQ:OTLY) reported second-quarter revenue of $240.1 million, driven by international sales growth.
This top-line result represented a 15.2 percent increase compared to the prior year.
Gross margin improved to 33.9 percent as supply chain improvements offset higher Middle East logistics costs.
The company narrowed its net loss to $31.3 million while generating a slightly positive adjusted EBITDA of $0.4 million.
Following the announcement, Oatly's share price was up at $10.31.
Management stated that the business expects constant-currency revenue growth between 8 percent and 10 percent for 2026.
The company also anticipates a foreign-exchange tailwind while maintaining its capital expenditure guidance of $20 million to $30 million.
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