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0 0 0.000503271263210949 -0.00201308505284344 -0.00654252642174127 -0.000754906894816335 0.00704579768495222 0.00478107700050321
Stock impact report

Coconut Water Sales Gains Lift Vita Coco Shares [Yahoo! Finance]

The Vita Coco Company, Inc. (COCO) 
Company Research Source: Yahoo! Finance
It operates two primary segments: Americas (U.S. and Canada) and International (Europe, Asia, and the Middle East). The company's brands include Vita Coco, Runa, and Ever & Ever. COCO has enjoyed healthy growth in the International segment and has also produced offshoots of its products, including alcoholic varieties. Due to report its fiscal 2024 fourth quarter results next week, COCO's last report showed strong overseas sales gains, particularly in the U.K. and Germany, where sales have grown over 50% over the last year. The Vita Coco brand alone grew 8% in the U.S. and 19% in the U.K. Vita Coco Juice gained 39%, and the introduction of a Vita Coco coconut one-liter pack was well received by a key convenience store chain. Guidance also pointed upward for the fourth quarter, with growth driven by inventory recovery and improved retail product availability. It's no wonder COCO shares are up nearly 80% in a year – and they could rise more. MAPsignals data shows how Big Money invest Show less Read more
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