Vita Coco reports FY 2023 net sales up 15% to $494M; net income $47M; guides FY2024 adj. EBITDA $74-78M

Vita Coco Company, Inc.

2023-FY EPS reported $0.79 revenue$493,612,000

FY 2023 net sales $494M (+15% YoY); Vita Coco Coconut Water volume grew 11% YoY.
FY 2023 net income $47M ($0.79 diluted EPS) vs $8M prior year; adjusted EBITDA $68M vs $20M.
Q4 2023 net sales $106M (+15% YoY); gross margin 37.5% vs 24.4% YoY.
FY2024 guidance: net sales $495-505M; adj. EBITDA $74-78M; gross margin expected 36-38%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vita Coco Company, Inc. reported three months and year ended December 31, 2023 results: revenue $106 million, net income $7 million, EPS $0.11 per diluted share.

Period: three months and year ended December 31, 2023
Revenue: $106 million
Net income: $7 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

today announced financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Compared to Prior Year • Net sales grew 15% to $106 million, driven by strong 8% net sales growth and 3% volume growth of Vita Coco Coconut Water. • Gross profit was $40 million, or 37% of net sales, an increase of $17 million, compared

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Source: SEC EDGAR

accession 0001482981-24-000008

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