Oatly Lowers Full-Year Outlook, Posts Wider Loss

by | Aug 2, 2022 | Business

Aug. 2, 2022 11:46 am ETListen to article(2 minutes)Oatly Group AB cut its sales outlook for the year, warning that macroeconomic uncertainty is making it harder to switch consumers from regular milk to its plant-based options.The Swedish maker of oat-based milk said on Tuesday that challenges, including the war in Ukraine, continuing Covid-19 outbreaks and supply-chain problems, are crimping the pace of its expansion and recovery in certain markets.

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