The Vita Coco Company Reports Third Quarter 2024 Financial Results
The Vita Coco Company, Inc. (COCO)
Company Research
Source: GlobeNewswire
Net Sales Decreased 4% to $133 million while Vita Coco Coconut Water Grew 8% Net Income Increased $4 million to $19 million and Non-GAAP Adjusted EBITDA1 Decreased $4 million to $23 million Company Raises Full Year Guidance for Net Sales and Adjusted EBITDA2 NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the third quarter ended September 30, 2024. Third Quarter and Year-To-Date 2024 Highlights Compared to Prior Year Period Net sales declined 4% in the third quarter to $133 million resulting in year-to-date being flat at $389 million.Vita Coco Coconut Water net sales growth of 8% in the third quarter and 5% year-to-date.Gross profit was $52 million in the third quarter, a decrease of $5 million and $157 million year-to-date, an increase of $17 million.Gross margin was 39% of net sales in the third quarter
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COCO
Earnings
- 10/30/24 - Beat
COCO
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- COCO's page on the SEC website