The company's facilities in Europe are expected to support growth.

Consumers purchased less milk alternatives for the second year in a row.

In the second quarter of 2024, the company experienced fewer losses and increased sales compared to the year before.

The company's newest oatmilk products will be sold at retailers throughout the country.

The plant-based alternative milk maker took a non-cash asset impairment charge of $172.6 million.

The company is transitioning to an asset-light business model.

For the quarter ended June 30, the company recorded a loss of $86.7 million.

Marie-Jose David will begin in the role on Oct. 1.

The company's new spread is dairy-free, gluten-free and non-GMO.

Jean-Christophe Flatin will take over as CEO on June 1.