earnings
confidence high
sentiment positive
materiality 0.80
Vita Coco Q2 net sales +21% to $140M; gross margin 37% vs 25% YoY; raises full-year guidance
Vita Coco Company, Inc.
2023-Q2 EPS reported
$0.42
revenue$249,404,000
- Q2 net sales $140M (+21% YoY); gross margin 37% vs 25% YoY; net income $18M ($0.31 diluted EPS) vs $1M ($0.02).
- YTD net sales $249M (+18%); gross margin 34%; net income $25M ($0.42 diluted EPS).
- Adjusted EBITDA Q2 $24M (vs $7M); YTD $33M (vs $4M).
- Raises FY 2023 guidance: net sales growth 10-12%, gross margins 35-37%, Adjusted EBITDA $56-60M.
- Vita Coco Coconut Water volume +19% in Q2; strong brand performance driven by pricing and lower freight costs.