earnings
confidence high
sentiment positive
materiality 0.70
Vita Coco Q2 net sales up 3% to $144M; EPS $0.32; reaffirms FY guidance
Vita Coco Company, Inc.
2024-Q2 EPS reported
$0.57
revenue$255,814,000
- Net sales $144M (+3% YoY); Vita Coco Coconut Water grew 4%; US scan data for brand up 14%.
- Gross margin improved to 41% from 37%; net income $19M ($0.32 diluted EPS) vs $18M ($0.31).
- Non-GAAP Adjusted EBITDA $32M vs $24M in prior year period.
- Reaffirmed FY2024 guidance: net sales $500-510M, Adjusted EBITDA $76-82M.
- Cash $150M, no debt; $10M in share repurchases executed through June 30.