Vita Coco Co.: Business Could Beat FY24 Guidance

Richard Drury/DigitalVision via Getty Images Investment action I recommended a buy rating for The Vita Coco Co. (NASDAQ:COCO) when I wrote about it in March, as I expected growth to accelerate to >10% post-FY24 given the strong demand and that margins would expand due to lower logistical costs and product innovation. Based on my current outlook and analysis, I reiterate a buy rating. My key update to my thesis is that I expect COCO to easily meet or exceed its FY24 guidance, given the multiple growth driver ...