The Vita Coco Company, Inc. (NASDAQ:COCO) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants John Mills - Managing Partner at ICR Michael Kirban - Co founder, Executive Chairman of the Board of Directors Martin Roper - Chief Executive Officer, Director Corey Baker - Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Chris Carey - Wells Fargo Securities Michael Lavery - Piper Sandler Kaumil Gajrawala - Jeffries Eric Serotta - Morgan Stanley Eric Lau ...

Vita Coco Company, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $144.12 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $139.65 million. The company has topped consensus revenue estimates three times over the last four quarters. What's Next for Vita Coco Company? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earni ...

Net Sales Increased 3% to $144 million with Vita Coco Coconut Water Growth of 4% Net Income Increased $1 million to $19 million and Non-GAAP Adjusted EBITDA Increased $8 million to $32 million 1 Circana US scan data MULO+C, Vita Coco Coconut Water grew 14% Exhibit 99.1 The Vita Coco Company Reports Second Quarter 2024 Financial Results • Vita Coco Coconut Water net sales growth of 4% in the second quarter and 3% year-to-date. • Gross profit was $59 million in the second quarter, an increase of $8 million an ...

The Vita Coco Company, Inc. (COCO) is slated to report second-quarter 2024 results on Jul 31, before market open. The company is likely to report top and bottom-line growth when it posts the quarterly results. The Zacks Consensus Estimate for the company's earnings is pegged at 31 cents per share, which indicates an increase of 19.2% from the year-ago quarter's reported figure. The consensus mark has remained stable in the past 30 days. For second-quarter revenues, the consensus mark is pegged at $143.5 mil ...

Vita Coco Company, Inc. (COCO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The ...

Participants in the Zacks Beverages – Soft Drinks industry are positioned for long-term market share growth through innovation, adaptability and a focus on consumer well-being. Increasing digital investments in ecommerce and direct-to-consumer channels are beneficial. Key trends such as health consciousness, sustainability and innovation are driving the industry. Its participants are expected to benefit from expanding into new and adjacent categories, including gaining market share in the Ready-to-Drink (RT ...

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Vita Coco Company, Inc. (COCO) closed the latest trading day at $30.30, indicating a -1.75% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.23%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 0.34%. The investment community will be paying close attention to the earnings performance of Vita Coco Company, Inc. in its upcoming release. In that report, analysts expect Vita Coco Company, Inc. to post earnings of $0.31 per share. Thi ...

Richard Drury/DigitalVision via Getty Images Investment action I recommended a buy rating for The Vita Coco Co. (NASDAQ:COCO) when I wrote about it in March, as I expected growth to accelerate to >10% post-FY24 given the strong demand and that margins would expand due to lower logistical costs and product innovation. Based on my current outlook and analysis, I reiterate a buy rating. My key update to my thesis is that I expect COCO to easily meet or exceed its FY24 guidance, given the multiple growth driver ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Vita Coco Company, Inc. (COCO) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question. Vita Coco Company, Inc. is a member of our Consumer Staples group, which includes 191 different companies and currently sits at #6 in the Zacks Sector Rank. T ...