Oatly Lifts Full-Year Guidance as European Barista Demand Drives Q2 Revenue Past $240M

Oatly Group AB has raised its revenue outlook for 2026 after reporting second-quarter revenue of $240.1 million, a 15.2% increase from the same period last year. The growth was particularly strong in the European retail business, leading to a higher constant currency revenue growth projection of 8% to 10% for the full year. Adjusted EBITDA guidance and capital expenditure guidance remain unchanged.

The company's positive performance in the second quarter was attributed to improvements in the mix of channels, customers, and products, particularly in Europe where the Barista range drove volume growth. North America also saw retail-focused growth, while Greater China experienced increased revenue despite intensified competition in foodservice. Oatly continues to focus on executing its growth strategy and aims to deliver consistent and sustainable profitability over time.