secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001482981-23-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/0001482981-23-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298123000101/coco-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001482981-23-000101

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