Oatly Group (NASDAQ:OTLY) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Oatly Group (NASDAQ:OTLY) released its quarterly earnings data on Wednesday. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07), Zacks reports. Oatly Group had a negative return on equity of 192.18% and a negative net margin of 17.71%.The business had revenue of $233.78 million during the quarter, compared to the consensus estimate of $216.05 million.

Here are the key takeaways from Oatly Group’s conference call:

• First full year of profitable growth: 2025 delivered positive Adjusted EBITDA (FY $6.8M) and constant-currency revenue growth, and management guides 2026 to CC revenue +3–5% with Adjusted EBITDA of $25M–$35M.
• Material operational progress since 2022 — revenue up 19%, adjusted EBITDA improved by $275M, free cash flow improved by $436M, gross margin >32% (up 2,100 bps), COGS/liter down 23% and SG&A reduced by ~$100M — providing reinvestment fuel.
• Management’s refreshed growth playbook (focus on beverages, Gen Z, and digital-first marketing) shows traction: rising household penetration, retail share gains in Europe and the U.S., and new product cadence including flavored Baristas, matcha retail launches and a planned Barista Cold Foam.
• Free Cash Flow remains negative (FY 2025 FCF of -$39M despite a $117M improvement year-over-year); company expects further improvement but still does not project positive FCF for full-year 2026 and plans higher 2026 capex of $20M–$30M.
• Key near-term risks/strategic items: ~200 bps North America headwind from a large food-service customer (management says ex-customer NA growth is positive), and a planned strategic review of the Greater China segment (including potential carve-out) to maximize value.

Oatly Group Trading Up 2.3%

Oatly Group stock opened at $11.46 on Friday. Oatly Group has a 52 week low of $6.45 and a 52 week high of $18.84. The company has a quick ratio of 0.32, a current ratio of 0.42 and a debt-to-equity ratio of 7.21. The company has a market capitalization of $347.43 million, a price-to-earnings ratio of -2.22 and a beta of 1.97. The stock has a 50-day moving average price of $11.31 and a 200 day moving average price of $14.05.

Analyst Ratings Changes

A number of brokerages recently weighed in on OTLY. Mizuho set a $18.00 target price on shares of Oatly Group and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Barclays set a $15.00 price objective on Oatly Group and gave the stock an “overweight” rating in a research note on Friday, January 16th. DA Davidson set a $14.00 target price on shares of Oatly Group and gave the stock a “buy” rating in a report on Friday, November 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Oatly Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Oatly Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.75.

Institutional Investors Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Oatly Group in the 1st quarter valued at about $133,000. Geode Capital Management LLC purchased a new stake in Oatly Group in the 2nd quarter worth approximately $151,000. Van ECK Associates Corp boosted its position in Oatly Group by 19.0% in the 3rd quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after purchasing an additional 1,756 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Oatly Group by 9.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,130 shares of the company’s stock worth $215,000 after purchasing an additional 1,568 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Oatly Group by 80.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,481 shares of the company’s stock valued at $294,000 after purchasing an additional 12,249 shares during the period. 68.15% of the stock is owned by institutional investors and hedge funds.

About Oatly Group

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.