Despite the static EPS, the revenue growth, particularly in Europe & International and North America segments, drove investor sentiment, as reflected in the stock's upward movement. Jean-Christophe Flatin, CEO of Oatly, expressed satisfaction with the company's strong start to the year, highlighting improved volumes, reduced costs, and a fortified business. "We are clearly making progress on the three strategic pillars we are focusing on in 2024: bring the Oatly magic to more people, continue our work on the calibration of resources, and focus on execution," Flatin said. He also noted that while the results were promising, the company's full-year guidance remains unchanged, reflecting cautious optimism. The company's gross margin improved significantly, rising by 9.7 percentage points to 27.1% in the first quarter. This increase was attributed to enhanced supply chain efficiency across all segments, with North America making the largest impact.