The Vita Coco Company Reports First Quarter 2024 Financial Results [Yahoo! Finance]
The Vita Coco Company, Inc. (COCO)
Company Research
Source: Yahoo! Finance
First Quarter Net Income Increased $8 million to $14 million and First Quarter Non-GAAP Adjusted EBITDA Increased $12 million to $21 million Company raises full year guidance. Expects Net Revenue between $500-$510 million and Adjusted EBITDA between $76-$82 million NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the first quarter ended March 31, 2024. First Quarter Highlights Compared to Prior Year Period Net sales grew 2% to $112 million, with Vita Coco Coconut Water net sales growth of 1%. Gross profit was $47 million, or 42% of net sales, an increase of $14 million, compared to 31% of net sales. Net income was $14 million, or $0.24 per diluted share, compared to a net income of $7 million, or $0.12 per diluted share. Net income benefited from net sales growth and gross margin improvement resulting p
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News
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- The Vita Coco Company to Participate in the Goldman Sachs Global Staples Forum [Yahoo! Finance]Yahoo! Finance
- The Vita Coco Company to Participate in the Goldman Sachs Global Staples ForumGlobeNewswire
- Vita Coco Company (COCO) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- The Vita Coco Company, Inc. (NASDAQ:COCO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
COCO
Earnings
- 5/1/24 - Beat
COCO
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/24/24 - Form 8-K
- COCO's page on the SEC website