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. Oatly had originally planned to spend between $300 million and $400 million this year on capital expenditures. To put that spending in perspective, the top end of Oatly's latest revenue guidance range for this year is $830 million.