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

Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001482981-23-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q2 net sales +21% to $140M; gross margin 37% vs 25% YoY; raises full-year guidance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000079/0001482981-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000079/coco-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001482981-23-000079

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