Oatly returns to growth in North America as it navigates Iran war headwinds.
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Oatly returns to growth in North America as it navigates Iran war headwinds. By Anay Mridul Published on Apr 30, 2026 Last updated Apr 30, 2026 7 Mins Read Swedish oat milk giant Oatly built on a successful 2025 with 15.6% hike in revenues in Q1 2026, recording its first period of growth in North America in more than a year. Oatly's Gen Z-targeting, taste-first playbook is "beginning to gain traction" in North America, where the company saw revenues increase for the first time since 2024. The oat milk maker recorded a 3.8% hike in year-on-year sales in the region in Q1 2026, bucking the decline of the overall plant-based milk category. Globally, the company's revenues reached $228.3M in the first quarter of the year, a 15.6% rise from the same period 12 months ago, with sales volume up by 5.6%. Oatly's gross profit swelled by 22.5% to $76.3M, while its net loss narrowed slightly by 3%, totalling $12.1M. The firm's adjusted EBITDA for the January-to-March period - revenue excluding all non-operational and one-time expenses - stood at $5M, compared to a loss of $3.7M in Q1 2025. It comes on the back of Oatly's first full year of profitable growth as a public company, thanks to a strategy that pits its oat milks as "an experience canvas for the beverages market", rather than an alternative to dairy, according to COO Daniel Ordonez. "[We're] working with customers to...
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Oatly continued its ascendancy in its home region, with revenues in the Europe and International segment expanding by 27% to reach $136.8M, driven largely by volume growth of its barista oat milks.
