Vita Coco: Strong Margin Expansion, And I Expect It To Continue Ahead [Seeking Alpha]
The Vita Coco Company, Inc. (COCO)
Company Research
Source: Seeking Alpha
Gross margins have significantly expanded, leading to an increase in EBIT margin. While FY24 growth may be subdued due to one-off factors, strong underlying demand and cost reductions are expected to drive future growth and margin expansion. Investment action I recommended a buy rating for Vita Coco Company ( NASDAQ: COCO ) when I wrote about it the last time , as I expected management to continue executing strongly and meeting growth targets. As it achieves them, the margin should expand accordingly. Based on my current outlook and analysis, I recommend a buy rating. The main concern regarding the stock was gross margin pressure from logistic costs, and COCO showed that it can manage it and has done an impressive job managing it. Looking ahead, while FY24 growth is going to be subdued due to one-off reasons, I expect growth to surge back to 10% levels given the strong underlying demand. Reductions in logistic costs and product innovation should also drive further margin expans
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COCO
News
- The Vita Coco Company Releases Third-Annual Impact Report [Yahoo! Finance]Yahoo! Finance
- The Vita Coco Company Releases Third-Annual Impact ReportGlobeNewswire
- The Vita Coco Company Announces the Formation of The Vita Coco Community Foundation [Yahoo! Finance]Yahoo! Finance
- The Vita Coco Company Announces the Formation of The Vita Coco Community FoundationGlobeNewswire
- The Vita Coco Company to Report First Quarter 2024 Financial Results on May 1, 2024GlobeNewswire
COCO
Earnings
- 2/28/24 - Beat
COCO
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- COCO's page on the SEC website