|Bid||0.0000 x 3100|
|Ask||0.0000 x 2900|
|Day's range||3.9500 - 4.2500|
|52-week range||2.7500 - 19.1400|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||02 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.27|
Oatly's (NASDAQ: OTLY) biggest problem used to be that it couldn't keep up with demand for its popular dairy substitute. Oatly had originally planned to spend between $300 million and $400 million this year on capital expenditures. To put that spending in perspective, the top end of Oatly's latest revenue guidance range for this year is $830 million.
Good morning, and thank you for joining us on Oatly second quarter 2022 earnings conference call and webcast. On today's call are Toni Petersson, chief executive officer; and Christian Hanke, chief financial officer. Peter Bergh, chief strategy officer, will also be available for questions.
Shares of Oatly Group (NASDAQ: OTLY) were down by 13% as of 1:33 p.m. ET Tuesday after the plant-based dairy company reported its second-quarter results. Revenue growth accelerated from the first quarter to a rate of 21.8% year over year, but investors were looking for more. Absent the impact of foreign currency changes, Oatly's top line would have increased by 30%.