Welcome to our dedicated news page for The Vita Coco Company (Ticker: COCO), a resource for investors and traders seeking the latest updates and insights on The Vita Coco Company .
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Vita Coco Company 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Vita Coco Company 's position in the market.
Rhea-AI Summary
The Vita Coco Company, Inc. (NASDAQ: COCO) released its third-annual Impact Report, highlighting its Environmental, Social, and Governance (ESG) strategy. The report details the company's progress in 2023 and the first quarter of 2024, focusing on scaling impact, collaboration, protecting natural resources, building thriving communities, and championing health & wellness. Key achievements include distributing seedlings, revitalizing coconut tree populations, planting trees, training farmers in regenerative agriculture, constructing classrooms, awarding scholarships, and donating meals to Feeding America. The report also introduces the Vita Coco Community Foundation to empower communities for future sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
-
Rhea-AI Summary
The Vita Coco Company, Inc. (NASDAQ: COCO) has announced the formation of The Vita Coco Community Foundation, a nonprofit focused on empowering communities globally. The Foundation aims to build a resilient society for future generations, with initial funding from Vita Coco. Led by John Tran, the Foundation will focus on education, entrepreneurship, food, fuel, spaces, and places. This initiative reflects Vita Coco's commitment to social impact and sustainability, following its transition to a public benefit and B Corp Certification.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
-
Rhea-AI Summary
The Vita Coco Company, Inc. (NASDAQ: COCO) will report its first quarter 2024 financial results on May 1, 2024. The leading high-growth platform of better-for-you beverage brands will host a conference call and webcast to discuss the results at 8:30 a.m. ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
Rhea-AI Summary
The Vita Coco Company (NASDAQ: COCO) introduces Vita Coco Treats™, a new coconutmilk beverage combining creamy coconut and sweet strawberries exclusively available at Target. Chief Marketing Officer Jane Prior highlights the brand's aim to provide a light, sweet, and satisfying drink for various occasions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
-
Rhea-AI Summary
Vita Coco Company (COCO) reports a 15% increase in full-year net sales to $494 million, driven by 14% growth in Vita Coco Coconut Water. Full-year net income reached $47 million with Non-GAAP Adjusted EBITDA of $68 million. The company expects net revenue between $495-$505 million and Adjusted EBITDA between $74-$78 million for Fiscal Year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.89%
Tags
-
Rhea-AI Summary
Vita Coco Company, Inc. (NASDAQ: COCO) will announce its Q4 and full-year 2023 financial results on February 28, 2024. A conference call and webcast will follow to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.98%
Tags
Rhea-AI Summary
Vita Coco Company (NASDAQ: COCO) is offering free hangover recovery nationwide on Feb. 12, the day after the Big Game, to help nearly 19 million employees in the U.S. expected to miss work due to fatigue and hangovers. The offer includes a $5 credit on DoorDash and a full rebate on in-store purchases of 16.9oz Vita Coco Coconut Water, providing relief after the big game.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
-
News
Rhea-AI Summary
Vita Coco Company, Inc. (NASDAQ: COCO) will participate in the Morgan Stanley Global Consumer and Retail Conference on December 5-6, 2023, with Co-Founder and Executive Chairman Michael Kirban joining an in-person fireside chat on December 5 at 2:15 p.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
Tags
-
Rhea-AI Summary
The Vita Coco Company, Inc. has announced the launch of an underwritten secondary offering by Verlinvest Beverages SA. The offering consists of 4,000,000 shares of the Company's common stock, with the Selling Stockholder receiving all proceeds. BofA Securities is the sole underwriter of the offering. The shares will be sold on the Nasdaq or through negotiated transactions at market or negotiated prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.77%
Tags
Rhea-AI Summary
The Vita Coco Company, Inc. (NASDAQ: COCO) announced that their net sales for the third quarter increased by 11% to $138MM. Year-to-date net sales grew by 15%. The company also reported a gross margin of 41%, an improvement of over 1,400 basis points over 2022. They have raised their full-year net sales and adjusted EBITDA guidance and announced a $40MM share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.96%
Tags
The Vita Coco Company, Inc.
Nasdaq:COCO
COCO Rankings
COCO Stock Data
1.42B
38.66M
13.54%
83.81%
9.3%
Dog and Cat Food Manufacturing
Manufacturing
United States of America
NEW YORK
About COCO
when vita coco launched in new york city in 2004, not only did it bring coconut water into the mainstream beverage section of groceries, it re-branded coconut water as a premium lifestyle drink and helped start the trend of natural-functional beverages. today, vita coco is a leader in coconut water and a growing global brand sold in 30 countries. celebrated for its delicious, electrolyte-rich hydration and replenishment, vita coco is the brand that helps you “drink a little better, eat a little better, and live a little better.” more recently, the brand has introduced non-beverage products, including vita coco coconut oil. yet, despite its growth and success, vita coco maintains the same entrepreneurial spirit upon which it was founded: a can-do culture that’s just beginning to tap into the potential of the coconut. vita coco is headquartered in new york city. visit vitacoco.com for more information.