secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001482981-24-000125
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q3 net sales down 4% to $133M; net income up; raises FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000125/0001482981-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298124000125/coco-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001482981-24-000125

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