Oatly Raises FY24 Constant Currency Revenue Growth From 55 - 10% to 6% - 10%
Portfolio Pulse from Benzinga Newsdesk
Oatly has revised its FY24 constant currency revenue growth forecast from 55-10% to 6-10%.
July 24, 2024 | 11:05 am
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NEGATIVE IMPACT
Oatly has significantly lowered its FY24 constant currency revenue growth forecast from an initial range of 55-10% to a more modest 6-10%. This revision indicates potential challenges in achieving previously anticipated growth rates.
The significant reduction in revenue growth forecast suggests that Oatly is facing challenges that could impact its financial performance. This is likely to negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100