secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001482981-22-000061
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q2 net sales +13% to $115M; gross margin improves sequentially 500 bps; reaffirms FY22 guidance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000061/0001482981-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000061/coco-20220810.htm
  HTML page:      https://secwatch.observer/filing/0001482981-22-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer