{"schema_version":"secwatch.filing_event.v1","accession":"0001482981-23-000043","form_type":"8-K","ticker":"COCO","cik":"0001482981","company_name":"Vita Coco Company, Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.002031+00:00","generated_at":"2026-06-16T00:55:13.067176+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vita Coco Q1 net sales +14% to $110M; raises FY23 guidance on margin recovery","bullets":["Net income of $7M ($0.12 diluted EPS) vs $2M ($0.04) a year ago; Adj. EBITDA of $9M vs -$3M.","Gross margin improved to 30.7% from 19.8% on lower transportation costs and pricing actions.","Vita Coco Coconut Water volumes +15% CE; net sales +17% driven by mid-teens volume growth.","FY23 outlook raised: net sales growth 9-12% (prev. 9-11%); Adj. EBITDA $54-59M (prev. $52-58M).","Cash balance $29M, no revolver borrowings; inventories down to $64M from $84M at year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001482981-23-000043","json":"https://secwatch.observer/filing/0001482981-23-000043.json","markdown":"https://secwatch.observer/filing/0001482981-23-000043.md","text":"https://secwatch.observer/filing/0001482981-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000043/0001482981-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000043/coco-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:55:13.067176+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ec25c1d69bae6b785b579ec717d390aad05cc0c8","claim":"Vita Coco Company, Inc. reported the three months ended March 31, 2023 results: revenue $110 million, net income $7 million, EPS $0.12 per diluted share. Guidance raised.","evidence_excerpt":"as expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- THE VITA COCO COMPANY REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS First Quarter Net Sales Increased 14% to $110 million Driven by Vita Coco Coconut Water Growth of 17% on Strong Mid-teens Volume Growth First Quarter Gross Margin of 31% Improving from 20% in the Prior Year First Quarter First","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000043/0001482981-23-000043-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$110 million"},{"label":"Net income","value":"$7 million"},{"label":"EPS","value":"$0.12 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}