Shares of The Vita Coco Company (COCO 14.89%) jumped on Wednesday after the beverage company reported financial results for the fourth quarter of 2023 that beat expectations. Vita Coco stock finished the day up an encouraging 15%.A good year for Vita CocoVita Coco enjoyed a 15% year-over-year increase for its net sales in both Q4 and for the entire year. The company enjoyed both higher sales volume and an increase to its prices.Vita Coco experienced a massive improvement in profitability. Thanks to lower sh ...

John Mills - Managing Partner at ICR Corey Baker - Chief Financial Officer Chris Carey - Wells Fargo Securities Jon Andersen - William Blair Bryan Spillane - Bank of America I would now like to turn the conference to your host, John Mills, Managing Partner at ICR. Please go ahead. By now, everyone should have access to the Company's fourth quarter earnings release issued earlier today. This information is available on the Investor Relations section of The Vita Coco CompanyÂ's website at investors.thevitacoc ...

We are dependent on distributor and retail customers for most of our sales, and our failure to maintain these relationships or further develop our sales channels could harm our business, financial condition, results of operations and cash flows. Table of Contents (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRAN ...

Vita Coco Company, Inc. (COCO) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.26, delivering a surprise of 8.33%.Over the last four quarters, the c ...

| --- | --- | --- | |-------|------------------------------|-------| | | | | | | BUILDING THE BETTER BEVERAGE | | | | PLATFORM OF THE FUTURE | | These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces its usefulness as a comparative measure. Investors should not rely on any single financial measure w ...

Full Year Net Sales Increased 15% to $494 million Driven by Vita Coco Coconut Water Growth of 14% Full Year Net Income of $47 million and Full Year Non-GAAP Adjusted EBITDA of $68 million 1 Fourth Quarter 2023 Highlights Compared to Prior Year Full Year 2023 Highlights Compared to Prior Year Martin Roper, the Company's Chief Executive Officer, said, "We are extremely pleased with this year's results with 15% net sales growth, Net Income of $47 million, and Adjusted EBITDA of $68 million, which were all at t ...

Investors are always looking for stocks that are poised to beat at earnings season and The Vita Coco Company, Inc. (COCO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Vita Coco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pre ...

Vita Coco Company, Inc. (COCO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 28, 2024, might help the stock move higher if these key numbers a ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Vita Coco Company, Inc. (COCO) . This company, which is in the Zacks Beverages - Soft drinks industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quar ...

NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- On Monday, Feb. 12, The Vita Coco Company (NASDAQ:COCO) is offering free hangover recovery nationwide*. The Monday after the Big Game is one of the least productive days of the year, with nearly 19 million employees in the U.S. expected to miss work due to fatigue and hangovers. And, according to a Workforce Institute study, 1 in 5 employed Americans say they will report to work late or plan to miss work entirely that day. To make Monday more bearable, Vita Coco i ...