{"schema_version":"secwatch.filing_event.v1","accession":"0001482981-23-000101","form_type":"8-K","ticker":"COCO","cik":"0001482981","company_name":"Vita Coco Company, Inc.","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.207497+00:00","generated_at":"2026-06-09T04:33:19.792183+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Vita Coco Q3 net sales up 11% to $138M; gross margin 41%; raises FY guidance, $40M buyback","bullets":["Q3 net sales $138M (+11% YoY); net income $15M ($0.26 EPS) vs $7M ($0.13) prior year.","Gross margin 41%, up from 26% YoY, driven by lower transport costs and branded pricing.","Adjusted EBITDA $27M in Q3, more than double prior-year $12M.","Raises FY2023 guidance: net sales growth 13-15% (prev 10-12%), Adj. EBITDA $64-67M (prev $56-60M).","Board approved $40M share repurchase program."],"urls":{"canonical":"https://secwatch.observer/filing/0001482981-23-000101","json":"https://secwatch.observer/filing/0001482981-23-000101.json","markdown":"https://secwatch.observer/filing/0001482981-23-000101.md","text":"https://secwatch.observer/filing/0001482981-23-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/coco-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:33:19.792183+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":"277381c3f28c8927ec7a7d2051e4faec3c20e589","claim":"Vita Coco Company, Inc. reported the third quarter ended September 30, 2023 results: revenue $138 million, net income $15 million, EPS $0.26 per diluted share. Guidance raised.","evidence_excerpt":"brands, today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Compared to Prior-Year Period • Net sales grew by 11% to $138 million driven by strong 8% net sales growth and 5% volume growth of Vita Coco Coconut Water which continues to be the largest contributor to growth on a consolidated basis. • Gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$138 million"},{"label":"Net income","value":"$15 million"},{"label":"EPS","value":"$0.26 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c9f42da55223826e092497e185979d41be919caf","claim":"Vita Coco Company, Inc. reported the nine months ended September 30, 2023 results: revenue $387 million, net income $40 million, EPS $0.68 per diluted share. Guidance raised.","evidence_excerpt":"$15 million due to improvements in gross profit partially offset by increased SG&A spending. 2023 Year-To-Date Highlights Compared to Prior-Year Period • Net sales grew 15% to $387 million driven by strong 16% net sales growth and 13% volume growth of Vita Coco Coconut Water which continues to be the largest contributor to growth on a consolidated basis. • Gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Revenue","value":"$387 million"},{"label":"Net income","value":"$40 million"},{"label":"EPS","value":"$0.68 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"}