INGLEWOOD, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- As back to school season ramps up, The Vita Coco Company, Inc. (NASDAQ: COCO) has teamed up with international recording artist, actress, activist, and Vita Coco Brand Ambassador—Becky G—to build a new greenspace at her childhood elementary school in Inglewood, California. The greenspace, opening today at Oak Street Elementary School, is a new initiative of the Company's social impact program, the Vita Coco Project® (VCP), which focuses on empowering com ...

In the latest trading session, Vita Coco Company, Inc. (COCO) closed at $26.40, marking a +1.5% move from the previous day. This move outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow saw a downswing of 0.23%, while the tech-heavy Nasdaq appreciated by 0.84%. The the stock of company has risen by 0.62% in the past month, lagging the Consumer Staples sector's gain of 4.88% and the S&P 500's gain of 2.54%. Analysts and investors alike will be keeping a close eye on the performance of Vita Coco Co ...

The latest trading session saw Vita Coco Company, Inc. (COCO) ending at $24.39, denoting a -1.97% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.3%. The company's stock has dropped by 4.05% in the past month, falling short of the Consumer Staples sector's gain of 2.98% and the S&P 500's gain of 3.64%. Analysts and investors alike will be keeping a close eye on the per ...

Table of Contents ____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ____________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-40950 | --- | --- | |----------------------- ...

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 ...

Core Viewpoint - Vita Coco Company, Inc. (COCO) is expected to report growth in both revenue and earnings for the second quarter of 2024, with earnings estimated at 31 cents per share, reflecting a 19.2% increase year-over-year [1][2]. Financial Performance - The consensus estimate for second-quarter revenues is $143.5 million, indicating a 2.7% rise from the previous year [2]. - In the last reported quarter, the company achieved an earnings surprise of 26.3%, with a trailing four-quarter average earnings surprise of 25.3% [2]. Key Factors Influencing Performance - The company's performance is anticipated to benefit from strong brand presence and effective strategic execution, particularly in the coconut water category [3]. - The flagship brand has shown consistent growth, supported by increased volumes in private label coconut water [3]. - Commercial initiatives, including multi-packs and new product lines like Vita Coco Farmers Organic and Vita Coco Juice, are expected to contribute positively to performance [4]. - The focus on expanding consumption occasions for coconut water is likely to enhance both category and brand performance [4]. Challenges - The company faces challenges from a tough macroeconomic environment, including uncertainties in global economies and geopolitical issues [5]. - Rising selling, general, and administrative (SG&A) expenses have been a concern, with management indicating that elevated ocean freight costs may negatively impact gross margins starting in the second quarter [5]. Earnings Prediction Model - The current earnings prediction model does not indicate a strong likelihood of an earnings beat for Vita Coco, with an Earnings ESP of -3.85% and a Zacks Rank of 3 [6].

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 ...