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The Vita Coco Company, Inc. - $COCO STOCK NEWS

Welcome to our dedicated page for The Vita Coco Company news (Ticker: $COCO), a resource for investors and traders seeking the latest updates and insights on The Vita Coco Company stock.

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.

News
The Vita Coco Company, Inc. Announces Secondary Offering of Common Stock
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
offering
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News
The Vita Coco Company Reports Third Quarter 2023 Financial Results
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
earnings
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News
The Vita Coco Company to Report Third Quarter 2023 Financial Results on October 31, 2023
Rhea-AI Summary
Vita Coco to report financial results for Q3 2023 on October 31st
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
conferences earnings
News
Vita Coco Announces Partnership with Global Superstar Becky G Ahead of her Landmark U.S. ‘Mi Casa, Tu Casa’ Tour
Rhea-AI Summary
Vita Coco announces partnership with Becky G, serving as an official sponsor of her 'Mi Casa, Tu Casa' tour. Collaboration to include impact programming for Latin communities in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.58%
Tags
partnership
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News
This World Coconut Day, Visit “The Coconut Grove” from Vita Coco on Roblox for a New Giant Coconut, Fun Prizes, and To Give Back to Farming Communities
Rhea-AI Summary
Vita Coco celebrates World Coconut Day on Roblox with new additions to The Coconut Grove experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.1%
Tags
none
-
News
The Vita Coco Company to Participate in the Piper Sandler Growth Frontiers Conference
Rhea-AI Summary
Vita Coco to participate in Piper Sandler Growth Frontiers Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
conferences
News
Vita Coco is Giving You Two Ways to Recover After Labor Day Weekend with Exclusive Offers via DoorDash
Rhea-AI Summary
Vita Coco offers hangover deals with DoorDash, providing $9 off orders of $15 or more from The Hangover Shop and Bluestone Lane with the purchase of Vita Coco Coconut Water or Coconut Water Cold Brew respectively. Customers can stack both offers for a total of $18 off. Limited-time offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
-
News
Vita Coco Announces Expansion of Social Impact Program, The Vita Coco Project, to Brazil
Rhea-AI Summary
The Vita Coco Company is expanding its social impact program, The Vita Coco Project, to Brazil. Through a partnership with Brazilian nonprofit Apremavi, the project aims to protect biodiversity and restore the Atlantic Forest. The company has already distributed over 370,000 seedlings and trees, trained farmers, and built classrooms in the Philippines and Sri Lanka. Farmers in the Philippines have seen an 88% increase in income. The expansion aligns with the company's commitment to distribute and plant 10 million seedlings and trees by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
none
-
News
The Vita Coco Company Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Vita Coco Company reports strong Q2 2023 results with a 21% increase in net sales to $140 million and a gross margin improvement of over 1100 basis points. They have raised their full year net sales, gross margin, and Adjusted EBITDA guidance. The strong performance is driven by the growth of their flagship brand, Vita Coco Coconut Water, which experienced a 23% net sales growth and 19% volume growth. The company remains focused on expanding consumption of their brands and driving long-term growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
earnings
News
The Vita Coco Company to Report Second Quarter 2023 Financial Results on August 2, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.22%
Tags
conferences earnings
Stock COCO logo
The Vita Coco Company, Inc.

Nasdaq:COCO

COCO Rankings

#2166 Ranked by Market Cap
#84 Ranked by Stock Gains
N/A Ranked by Dividends

COCO Stock Data

1.49B
38.66M
13.54%
83.81%
9.3%
Dog and Cat Food Manufacturing
Manufacturing
Link
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.