---
schema_version: "secwatch.filing_event.v1"
accession: "0001482981-22-000069"
form_type: "8-K"
ticker: "COCO"
cik: "0001482981"
company_name: "Vita Coco Company, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:06:25.497614+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vita Coco Q3 net sales $124M (+7% YoY); gross margin 26.3% improves sequentially; FY22 guidance $422-427M net sales

## Summary
- Net sales $124M (+7% YoY); Vita Coco Coconut Water grew 14% with record revenue despite flavored SKU out-of-stocks.
- GAAP net income $7M ($0.13/diluted share) vs $13M ($0.24) in Q3 2021; adjusted EBITDA $12M vs $21M.
- Gross margin 26.3% improved 90+ bps sequentially, down from 33% YoY on higher transportation costs; Q4 margin expected to improve further.
- Full-year 2022 guidance: net sales $422-427M (11-12% growth), gross margin mid-20%’s, adjusted EBITDA $20-22M.
- Cash $21M, debt $10M on revolver; shares outstanding 55.9M.

## SEC filing metadata
- accession: 0001482981-22-000069
- form_type: 8-K
- ticker: COCO
- cik: 0001482981
- company_name: Vita Coco Company, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/0001482981-22-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/coco-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482981-22-000069
- JSON: https://secwatch.observer/filing/0001482981-22-000069.json
- Plain text: https://secwatch.observer/filing/0001482981-22-000069.txt

## Key facts
- Earnings Releases
  Vita Coco Company, Inc. updated its the three and nine months ended September 30, 2022 guidance (reaffirmed).
  - Period: the three and nine months ended September 30, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: On November 9, 2022, The Vita Coco Company, Inc. (the “Company”) issued a press release announcing financial results for the three and nine months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/0001482981-22-000069-index.htm
- Earnings Releases
  Vita Coco Company, Inc. reported fiscal year 2022 results: revenue $422-427 million. Guidance reaffirmed.
  - Period: fiscal year 2022
  - Revenue: $422-427 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Expect net sales in the range of $422-427 million, representing a growth of approximately 11-12% compared to fiscal year 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/0001482981-22-000069-index.htm
- Earnings Releases
  Vita Coco Company, Inc. reported the third quarter ended September 30, 2022 results: revenue $124 million, net income $7 million, EPS $0.13 per diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $124 million
  - Net income: $7 million
  - EPS: $0.13 per diluted share
  - Result: reported results
  source text: of 1933, as amended, except as expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- THE VITA COCO COMPANY REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS Net Sales of $124 Million, up 7% from Prior Year Driven by Strong 14% Growth of Vita Coco Coconut Water Gross Margin of 26.3% Represents Continued Sequential Improvement over 90 Basis Points from Prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/0001482981-22-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.