Vita Coco Company (COCO) Misses Q3 EPS by 2c, FY Guidance Misses

The Vita Coco Company (NASDAQ: COCO) reported Q3 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $124 million versus the consensus estimate of $130.4 million.

GUIDANCE:

Corinthian Colleges, Inc. sees FY2022 revenue of $422-427 million, versus the consensus of $448.8 million.

• Expect net sales in the range of $422-427 million, representing a growth of approximately 11-12% compared to fiscal year 2021.
• Anticipate full year gross margins in the mid 20%’s due to continued elevated transportation costs, partially offset by the benefit of higher net pricing and efficiency initiatives. Expect gross margin improvement for the fourth quarter relative to the third quarter.
• Forecast adjusted EBITDA2 in the range of $20-22 million reflecting volume and pricing growth offset by higher than normal transportation costs and increased public company costs.

For earnings history and earnings-related data on Corinthian Colleges, Inc. (COCO) click here.

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