Oatly has unveiled a cost-cutting plan after posting another disappointing set of results, with a $107.9m net loss on net revenues up 7% to $183m in the third quarter (+16.7% to $199.7m on a constant currency basis), with gross profit margins of just 2.7%, a figure CEO Toni Petersson continued to insist would rise over time as improved operating efficiencies improved.
Read more about it via https://www.foodnavigator-usa.com/Article/2022/11/14/Oatly-to-cut-headcount-pivot-to-hybrid-manufacturing-model-Strategic-co-packers-are-easier-to-find-now?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS
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