earnings
confidence high
sentiment neutral
materiality 0.65
Vita Coco Q3 net sales down 4% to $133M; net income up; raises FY guidance
Vita Coco Company, Inc.
2024-Q3 EPS reported
$0.89
revenue$388,720,000
- Net sales fell 4% to $133M; Vita Coco Coconut Water grew 8% YoY.
- Net income rose $4M to $19M ($0.32 diluted EPS) vs $0.26 prior year.
- Non-GAAP Adjusted EBITDA decreased $4M to $23M from $27M.
- Raises FY2024 net sales guidance to $505-515M; adjusted EBITDA to $80-84M.
- Cash and equivalents $157M, no debt; $12.8M in share repurchases at avg $23.97.