Oatly plans to cut workforce as plant-based milk revenues take a dip
date:Nov 16, 2022
of US$112.1 million, a 31.4% increase compared to US$85.4 million in the prior year period.

The company continued to experience revenue growth across the retail and foodservice channels in the third quarter of 2022. In the third quarter of 2022 and 2021, the retail channel accounted for 57.7% and 59.5% of its revenue, respectively.

Oatly expects that the improved ramp-up of its production facilities in Q4 should result in improved fixed cost absorption as well as a better sales mix, and the
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