secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001482981-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000008/0001482981-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000008/coco-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001482981-24-000008

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