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 ...

Historically, April has been a favorable month for Wall Street investors. However, this year, the month concluded on a disappointing note. Persistent inflation, a resilient job market and a significant drop in U.S. GDP growth eroded confidence in risky assets like stocks. Consequently, the S&P 500 Index plunged 4.2% in April, ending a five-month winning streak.Yet, U.S. stock markets are likely to bounce back in May, following Federal Reserve Chairman Jerome Powell's clear statement rejecting interest rate ...

See accompanying notes to the condensed consolidated financial statements. Table of Contents THE VITA COCO COMPANY, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Amounts in thousands) See accompanying notes to the condensed consolidated financial statements. 1 Table of Contents The Company was incorporated in Delaware as All Market Inc. on January 17, 2007. On September 9, 2021, we changed our name to The Vita Coco Company, Inc. In 2018, the Company purchased certain ass ...

The Vita Coco Company, Inc. (NASDAQ:COCO) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants John Mills - Managing Partner at ICR Michael Kirban - Co-founder and Executive Chairman Martin Roper - Chief Executive Officer Corey Baker - Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Christian Junquera - Bank of America Jim Salera - Stephens Trevor Sahr - William Blair Eric Serotta - Morgan Stanley Michael Lavery - Piper Sandler Gregory Porter - Ever ...

Footnotes: The Vita Coco Company is a family of brands on a mission to reimagine what's possible when brands deliver healthy, nutritious, and great tasting products that are better for consumers and better for the world. This includes its flagship coconut water brand Vita Coco, sustainably packaged water Ever & Ever, and protein-infused water PWR LIFT. The Company was co-founded in 2004 by Michael Kirban and Ira Liran and is a public benefit corporation and Certified B Corporation. Vita Coco, the principal ...

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) ("Vita Coco" or the "Company"), a leader in the functional beverage space with a portfolio of better-for-you brands, announced today that it has formed a 501(c)(3) nonprofit, The Vita Coco Community Foundation ("Foundation"), with a mission of empowering communities to build an enduring, resilient society to thrive for future generations. "Our success as a business has always been intertwined with the well-being of the pe ...

The Zacks Beverages – Soft Drinks industry participants are well-placed for market share growth over the long term through innovation, adaptability and a focus on consumer well-being. Accelerating digital investments toward e-commerce and direct-to-consumer channels bode well. Health-consciousness, sustainability and innovation are key trends driving the industry. The industry participants are expected to gain from the expansion into newer categories and adjacent categories, including capturing market share ...

Looking ahead, the future of the U.S. economy appears promising and resilient. The recent wave of inflation, which initially caused concern, seems to have stabilized around the Fed’s target of 2%. The economy’s unexpected ability to withstand interest rate increases without a significant rise in unemployment suggests a fortunate alignment of factors contributing to a “Goldilocks” scenario — neither too cold with unnecessary unemployment nor too hot with inflationary pressures. This positive trajectory under ...

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Every now and then, we all deserve a little treat, and The Vita Coco Company (NASDAQ:COCO) has just what you need. Its flagship coconut water brand, Vita Coco, is introducing Vita Coco Treats™, a new coconutmilk beverage crafted for those moments when you're in the mood for something light, sweet, and satisfying. Combining the flavors of creamy coconut and sweet strawberries, Vita Coco Treats offers a refreshingly delicious drink that can make anyone's day a litt ...

MelanieMaya/iStock via Getty Images Investment action I recommended a buy rating for Vita Coco Company (NASDAQ:COCO) when I wrote about it the last time, as I expected management to continue executing strongly and meeting growth targets. As it achieves them, the margin should expand accordingly. Based on my current outlook and analysis, I recommend a buy rating. The main concern regarding the stock was gross margin pressure from logistic costs, and COCO showed that it can manage it and has done an impre ...