Vita-Coco Raises Full-Year Guidance First Quarter 2024 Results

The Vita Coco Company, doing business as simply Vita Coco, is an American beverage company which mainly sells coconut water. The largest brand globally in coconut/plant waters, Vita Coco has operations in 31 countries as of 2016.

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‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ March 2024 ‎ ‎ ‎ ‎ ‎ ‎ Y/Y

Revenue:‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 111.7M‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 1.77%↑

Net income:‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 14.24M‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎ ‎ ‎ ‎ 112.35%↑

Diluted EPS:‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 0.24‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎‎ ‎‎ ‎ ‎ ‎ ‎ 100%↑

Net profit margin:‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 12.75%‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 108.67%↑

Operating income:‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 18.96M‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ 180.54%↑

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Mar 2024‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ EPS beat by 55.18%↑

Dec 2023‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ EPS beat by 96.10%↑

Sep 2023‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ EPS beat by 51.81%↑

Jun 2023‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ EPS beat by 94.29%↑

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“The Vita Coco Company (COCO), a leading beverage company, reported a 2% year-over-year increase in net sales for the first quarter of 2024, with a notable 31% surge in net sales driven by strong branded pricing and private label mix effects.

The company's financial health was underscored by a robust cash position of $123 million, no debt, and a net income increase to $14 million from $7 million in the prior year. With gross margins benefiting from lower transportation costs and reduced promotional activity, Vita Coco raised its full-year guidance, projecting net sales between $500 and $510 million and adjusted EBITDA of $76 million to $82 million.”

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This is my beverage stock which never see mentioned and has served me very well, am holding long term until gets bought out. Health craze = Coconut water growth imo.