Oatly Guts Its Expansion Plans
Oatly's (NASDAQ: OTLY) biggest problem used to be that it couldn't keep up with demand for its popular dairy substitute. The company laid out ambitious expansion plans when it went public last year, and it later increased those spending targets.
Oatly had originally planned to spend between $300 million and $400 million this year on capital expenditures. As recently as May, the company was sticking with an increased range of $400 million to $500 million. To put that spending in perspective, the top end of Oatly's latest revenue guidance range for this year is $830 million.
Image source: Oatly.
Source Fool.com
