earnings
confidence high
sentiment neutral
materiality 0.70
Vita Coco Q2 net sales +13% to $115M; gross margin improves sequentially 500 bps; reaffirms FY22 guidance
Vita Coco Company, Inc.
2022-Q2 EPS reported
$0.06
revenue$211,753,000
- Net sales +13% to $115M; Vita Coco Coconut Water sales +21% YoY.
- Gross margin 25%, up 500+ bps sequentially, down 300 bps YoY due to higher transport costs.
- Net income $1M ($0.02/diluted) vs $8M ($0.15); $3M non-cash FX hedge loss.
- Adjusted EBITDA $7M vs $10M; down on higher transport and public company costs.
- Reaffirms FY22 guidance: net sales $440-455M and Adj. EBITDA $27-32M.