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 ...

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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 ...

The Vita Coco Company, Inc. (NASDAQ:COCO) Q4 2023 Earnings Conference Call February 28, 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 Chris Carey - Wells Fargo Securities Michael Lavery - Piper Sandler Eric Des Lauriers - Craig Hallum Jon Andersen - William Blair Jim Salera - Stephens Eric Serott ...

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 ...