Oatly Cuts Full-Year Adjusted EBITDA Outlook to $16M-$20M Despite 9.1% Revenue Growth
OTLY sits 44% above its 52-week low of $8.01.
Summary
Oatly delivered Q3 revenue of $243.1 million, up 9.1% year over year, with gross margin expanding 436 basis points to 34.1% and Adjusted EBITDA improving to $9.4 million from $3.1 million, though the quarter's loss per share was 4 cents. The problem is the guide: full-year Adjusted EBITDA is now $16 million to $20 million, down from the prior $25 million to $35 million, as fuel and freight inflation in North America hit harder and faster than expected. Constant currency revenue growth of 8% to 10% is unchanged, and the company sees 2026 constant currency revenue growth in the range of +8% to +10%, so the top line holds while profit gets squeezed. Greater China remains the weak spot, with revenue down 14.6% to $32.0 million on foodservice competition, and the strategic review of that segment is still expected to wrap within 2026. The company also launched a new Fiber beverage platform. With a small market cap and $523.2 million of debt against $23.3 million of cash, the EBITDA cut matters more than the revenue beat.
At the time of this announcement, OTLY was trading at $11.52 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $375M. The 52-week trading range was $8.01 to $16.20. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.