earnings
confidence high
sentiment neutral
materiality 0.75
Vita Coco Q4 net sales up 25% to $87M; FY22 guidance 16-20% growth but margin pressure
Vita Coco Company, Inc.
- Q4 net sales $87M (+25% YoY); FY21 net sales $380M (+22% YoY).
- Q4 gross margin fell 750bps to 25% due to ocean freight and logistics cost increases.
- Q4 net loss $3M ($0.06/sh) vs prior year net income $17M (included $16M Runa contingent liability gain).
- FY22 guidance: net sales $440-455M; Adj. EBITDA $32-36M; further gross margin pressure expected.