---
schema_version: "secwatch.filing_event.v1"
accession: "0001482981-24-000060"
form_type: "8-K"
ticker: "COCO"
cik: "0001482981"
company_name: "Vita Coco Company, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:41:36.073482+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vita Coco Q1 net income doubles to $14M ($0.24 EPS); raises FY guidance to $500-510M revenue

## Summary
- Net sales $112M (+2% YoY); gross margin 42.2% vs 30.7% a year ago.
- Net income $14M ($0.24 diluted EPS) vs $7M ($0.12) in Q1 2023.
- Adjusted EBITDA $21M vs $9M; company raised FY 2024 Adjusted EBITDA guidance to $76-82M.
- Cash $123M, no debt; $10M of shares repurchased under $40M buyback program through Mar 31.
- Management cites lower transportation costs and higher net pricing for margin expansion.

## SEC filing metadata
- accession: 0001482981-24-000060
- form_type: 8-K
- ticker: COCO
- cik: 0001482981
- company_name: Vita Coco Company, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/0001482981-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/coco-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482981-24-000060
- JSON: https://secwatch.observer/filing/0001482981-24-000060.json
- Plain text: https://secwatch.observer/filing/0001482981-24-000060.txt

## Key facts
- Earnings Releases
  Vita Coco Company, Inc. reported the first quarter ended March 31, 2024 results: revenue $112 million, net income $14 million, EPS $0.24 per diluted share. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $112 million
  - Net income: $14 million
  - EPS: $0.24 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: as expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- The Vita Coco Company Reports First Quarter 2024 Financial Results First Quarter Net Sales Increased 2% to $112 million With Vita Coco Coconut Water Growth of 1% First Quarter Net Income Increased $8 million to $14 million and First Quarter Non-GAAP Adjusted EBITDA 1 Increased $12 million to $21
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482981/000148298124000060/0001482981-24-000060-index.htm

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