secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001193125-21-327273
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q3 net sales up 32.5% to $115.7M; GAAP EPS $0.24; FY outlook 19-21% growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000119312521327273/0001193125-21-327273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000119312521327273/d183283d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-327273

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