secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001482981-22-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q1 sales up 28% to $96M, gross margin falls to 20%, FY2022 EBITDA guidance cut to $27-32M
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- Q1 net sales $96M (+28% YoY); net income $2M ($0.04 diluted EPS) vs $2M ($0.03) prior year.
- Gross margin fell to 20% from 32% on higher transportation costs; Adjusted EBITDA loss $3M vs +$6M prior year.
- FY 2022 net sales guidance reaffirmed at $440-455M (16-20% growth); Adjusted EBITDA guidance revised to $27-32M.
- Vita Coco coconut water brand value share rose to 50% (up 7pp); household penetration up 170bps to 11%.
- Company plans further price increases in H2 2022 to offset transportation cost pressures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000040/0001482981-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000040/coco-20220511.htm
  HTML page:      https://secwatch.observer/filing/0001482981-22-000040

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