Vita Coco Company (COCO) Tops Q3 EPS by 6c

Vita Coco Company (NASDAQ: COCO) reported Q3 EPS of $0.32, $0.06 better than the analyst estimate of $0.26. Revenue for the quarter came in at $133 million versus the consensus estimate of $138.96 million.

GUIDANCE:

Vita Coco Company sees Q4 2024 revenue of $505-515 million, versus the consensus of $506 million.

• Expect 2024 net sales to be between $505 million and $515 million, with projected Vita Coco Coconut Water and private label coconut water volume growth, being offset by expected decreases in private label coconut oil business and price/mix effects.
• Full year gross margin expected to be between 37% and 39%, with recent increases on certain ocean freight routes expected to adversely affect gross margins in the fourth quarter.
• SG&A expenses expected to be flat to slightly down versus 2023.
• Forecasting adjusted EBITDA in the range of $80 million to $84 million.2

For earnings history and earnings-related data on Vita Coco Company (COCO) click here.

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