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

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

The Vita Coco Company Reports Third Quarter 2022 Financial Results

November 9, 2022 7:05 AM EST

Net Sales of $124 Million, up 7% from Prior Year Driven by Strong 14% Growth of Vita Coco Coconut Water

Gross Margin of 26.3% Represents Continued Sequential Improvement over 90 Basis Points from Prior Quarter

Net Income was $7 Million, 5.9% of Net Sales, an Improvement of over 450 Basis Points from Prior Quarter

Adjusted EBITDA1 was 9.5% of Net Sales, an Improvement of over 300 Basis Points from Prior Quarter

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (Vita Coco or the Company), a leading high-growth platform of... More