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Stock impact report

3 Reasons We're Fans of Vita Coco (COCO) [Yahoo! Finance]

The Vita Coco Company, Inc. (COCO) 
Company Research Source: Yahoo! Finance
This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is it too late to buy COCO? Find out in our full research report, it's free Why Are We Positive On COCO? Founded in 2004 followed by a 2021 IPO, The Vita Coco Company (NASDAQ:COCO) offers coconut water products that are a natural way to quench thirst. 1. Elevated Demand Drives Higher Sales Volumes Revenue growth can be broken down into changes in price and volume (the number of units sold). While both are important, volume is the lifeblood of a successful staples business as there's a ceiling to what consumers will pay for everyday goods; they can always trade down to non-branded products if the branded versions are too expensive. Vita Coco's average quarterly volume growth was a robust 9.9% over the last two years. This is good because meaningful volume growth is hard to come by in the stable consumer staples sector. Vita Coco Year-On-Year Volume Growth Show less Read more
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