---
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"
generated_at: "2026-06-09T04:33:19.792183+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vita Coco Q3 net sales up 11% to $138M; gross margin 41%; raises FY guidance, $40M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482981-23-000101
- JSON: https://secwatch.observer/filing/0001482981-23-000101.json
- Plain text: https://secwatch.observer/filing/0001482981-23-000101.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $138 million
  - Net income: $15 million
  - EPS: $0.26 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm
- Earnings Releases
  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.
  - Period: the nine months ended September 30, 2023
  - Revenue: $387 million
  - Net income: $40 million
  - EPS: $0.68 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: $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_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm

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