---
schema_version: "secwatch.filing_event.v1"
accession: "0001482981-24-000008"
form_type: "8-K"
ticker: "COCO"
cik: "0001482981"
company_name: "Vita Coco Company, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:37:37.319762+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001482981-24-000008
- form_type: 8-K
- ticker: COCO
- cik: 0001482981
- company_name: Vita Coco Company, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000008/0001482981-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000008/coco-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482981-24-000008
- JSON: https://secwatch.observer/filing/0001482981-24-000008.json
- Plain text: https://secwatch.observer/filing/0001482981-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000008/0001482981-24-000008-index.htm

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