secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001482981-24-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q2 net sales up 3% to $144M; EPS $0.32; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000098/0001482981-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000098/coco-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001482981-24-000098

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