earnings
confidence high
sentiment positive
materiality 0.75
Vita Coco Q3 net sales up 32.5% to $115.7M; GAAP EPS $0.24; FY outlook 19-21% growth
Vita Coco Company, Inc.
2021-Q3 EPS reported
$0.42
revenue$292,929,000
- Net sales $115.7M (+32.5% YoY); gross profit $38.5M (33.3% margin, down 36bps due to ocean freight).
- GAAP net income $13.0M ($0.24 diluted EPS) vs $9.0M ($0.15) last year; adjusted EBITDA $20.6M (+83%).
- Americas net sales $100.9M (+35.4%); International $14.7M (+15.1%); coconut water category grew 41.1%.
- Completed IPO in Oct 2021: 11.5M shares at $15.00/share, net proceeds ~$30M, used to repay debt.
- FY 2021 guidance: net sales growth 19-21%; gross margin slightly below YTD avg; supply chain pressures into 2022.