Vita Coco Company, Inc. Stock Price, News & Analysis

Vita Coco Company (NASDAQ:COCO) reported Q3 2024 financial results with net sales decreasing 4% to $133 million, while Vita Coco Coconut Water grew 8%. Net income increased by $4 million to $19 million, with earnings per diluted share of $0.32. Gross margin was 39% compared to 41% in the prior year period. The company raised its full-year guidance, expecting net sales between $505-515 million and adjusted EBITDA of $80-84 million. Sales performance was affected by inventory flow issues due to ocean freight container shortages, though inventory situations improved by late September.

The Vita Coco Company (NASDAQ: COCO), a leading platform of better-for-you beverage brands, has announced it will report its third quarter 2024 financial results on October 30, 2024 before market open. The company will host a conference call and webcast to discuss these results at 8:30 a.m. ET on the same day.

Interested parties can register for the live earnings call and Q&A session at the provided link. A live audio webcast will be accessible in the 'Events' section of the company's Investor Relations website. An archived replay of the webcast will be available shortly after the event concludes.

The Vita Coco Company (NASDAQ: COCO) has launched the Vita Coco Growing Roots Grant (GRG) program in partnership with the Arbor Day Foundation. This initiative aims to fund innovative projects that incorporate tree and garden-related learning experiences in under-resourced schools and communities. The program offers School Greening grants to schools recognized through the Arbor Day Foundation's Tree Campus K–12 program.

Eligible projects include designing outdoor classrooms with tree planting, school or community gardens with fruit trees, and schoolyard forest tree planting. The GRG program aims to enhance school environments, improve air quality, boost biodiversity, and foster environmental stewardship. It also promotes health, wellness, and community resilience by creating outdoor spaces and developing leadership skills.

As a Public Benefit and certified B Corp, Vita Coco sees this program as part of its social impact initiative, the Vita Coco Project® (VCP), which focuses on empowering communities.

Vita Coco (NASDAQ: COCO) and Strava are launching a challenge to support runners ahead of the marathon on November 3. From October 7 to race day, Vita Coco will donate $1 for every mile run through the Strava challenge, up to $26,200, to &Mother, an organization supporting mom-athletes. The initiative aims to help runners balance their training with life's demands.

Vita Coco Coconut Water, rich in electrolytes and nutrients, is promoted as an ideal pre and post-workout drink. The company is also boosting runners' fundraising efforts up to $25,000 and planning various marathon-related activations, including a race day essentials giveaway and a post-race cocktail party in NYC.

The Vita Coco Company (NASDAQ: COCO) has partnered with international artist Becky G to create a new greenspace at Oak Street Elementary School in Inglewood, California. This 2,100-square-foot space, designed in collaboration with the school's PTA and local leaders, features garden plots, compost bins, fruit trees, and an outdoor classroom. The initiative is part of Vita Coco's social impact program, the Vita Coco Project, which aims to empower communities.

The project addresses the lack of access to greenspaces, particularly in Latin communities. Vita Coco is also launching the Growing Roots Grant program with the Arbor Day Foundation to fund similar projects in under-resourced schools and communities. As a Public Benefit and B Corp, Vita Coco aims to contribute positively to communities and environments, including its Seedlings for Sustainability initiative to distribute up to 10 million seedlings and trees by 2030.

The Vita Coco Company (NASDAQ:COCO) reported strong Q2 2024 financial results, with net sales increasing 3% to $144 million and Vita Coco Coconut Water growing 4%. Net income rose $1 million to $19 million, while Non-GAAP Adjusted EBITDA increased $8 million to $32 million. The company's gross margin improved to 41% from 37% in the prior year period. Vita Coco Coconut Water showed impressive growth of 14% in Circana US scan data MULO+C. The company reaffirmed its full-year guidance, expecting net revenue between $500-$510 million and Adjusted EBITDA between $76-$82 million. Despite temporary headwinds in ocean freight, the company remains focused on driving long-term growth of the coconut water category and its brands.

The Vita Coco Company (NASDAQ: COCO) has announced that it will release its second quarter 2024 financial results on July 31, 2024, before the market opens. The company, known for its better-for-you beverage brands, will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.

Interested participants can register for the live earnings call and Q&A session at the provided link. Additionally, a live audio webcast will be accessible through the company's Investor Relations website. An archived replay of the webcast will be made available shortly after the event concludes.

The Vita Coco Company (NASDAQ: COCO), a prominent player in the better-for-you beverage market, announced its participation in the 4th Annual Evercore ISI Consumer and Retail Conference. The virtual event is scheduled for June 12, 2024, with key company executives, CEO Martin Roper and CFO Corey Baker, hosting a fireside chat at 12:30 p.m. Eastern Time.

The presentation's live webcast will be available on the company's Investor Relations website, with an archived replay accessible shortly after. Investors can gain insights into the company's strategies and financial outlook through this event.

The Vita Coco Company, a prominent beverage brand, announced its participation in the William Blair Growth Stock Conference on June 5, 2024, in Chicago.

CEO Martin Roper and CFO Corey Baker will present at 8:00 a.m. Central Time. The live presentation will be available on the company's Investor Relations website, with an archived replay accessible after the event.