The Vita Coco Company Inc

COCO

Equity

ISIN US92846Q1076 / Valor 114005645

NASDAQ (2025-04-08)

USD 27.89-3.36%

The Vita Coco Company Inc
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About company

The Vita Coco Company Inc is a beverage company primarily known for producing and distributing coconut water and other related products.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Performance

The Vita Coco Company Inc. reported a 4% decrease in net sales for the third quarter of 2024, totaling $133 million compared to the previous year's $138 million. This decline was primarily attributed to reduced private label case equivalent volumes, which overshadowed the growth in Vita Coco Coconut Water sales.

Income and Profitability

For the third quarter of 2024, The Vita Coco Company Inc. achieved a net income of $19 million, an increase from $15 million in the same period last year. The net income per diluted share rose to $0.32 from $0.26, benefiting from gains on derivative instruments and lower SG&A expenses.

Adjusted EBITDA

The Vita Coco Company Inc. reported a decrease in Non-GAAP Adjusted EBITDA for the third quarter of 2024, amounting to $23 million compared to $27 million in the prior year. This decline was mainly due to lower gross profit driven by reduced volume and higher transportation costs.

Balance Sheet and Share Repurchase

As of September 30, 2024, The Vita Coco Company Inc. held $157 million in cash and cash equivalents, with no debt. The company repurchased 534,246 shares for a total of $12.8 million under its share repurchase program, with 112,702 shares repurchased in the most recent quarter.

Full Year Outlook

The Vita Coco Company Inc. has raised its full-year guidance for 2024, expecting net sales between $505 million and $515 million. The company anticipates adjusted EBITDA to range from $80 million to $84 million, despite potential challenges from increased ocean freight costs affecting gross margins in the fourth quarter.

Summarized from source with an LLMView Source

Key figures

9.76%1Y

203%3Y

%5Y

Performance

38.1%1Y

53.8%3Y

57.8%5Y

Volatility