Here's Why the Vita Coco Company Stock Jumped Today

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 ...