Welcome to our dedicated page for Vita Coco Company news (Ticker: COCO), a resource for investors and traders seeking the latest updates and insights on Vita Coco Company stock.
The Vita Coco Company, Inc. (NASDAQ: COCO) is a better-for-you beverage company best known for its flagship Vita Coco coconut water brand. This news page aggregates company press releases and updates, giving readers a focused view of how Vita Coco develops its brands, communicates with investors, and positions coconut water and related beverages in the marketplace.
In recent announcements, the company has highlighted its role in sports and fitness hydration, describing Vita Coco Original Coconut Water as “The Better Fitness Fuel” and emphasizing its naturally occurring electrolytes. News items include partnerships with elite athletes, such as naming U.S. Men’s National Team soccer player Weston McKennie a Global Brand Ambassador, and the introduction of Major League Hydration by Vita Coco™, a community of athletes across football, golf, tennis, soccer, and pickleball who prefer coconut water for performance and recovery.
Vita Coco also issues news on collaborations with organizations like Rush Soccer, described as the world’s largest youth soccer organization, and on experiential activations such as the Concrete Jungle Gym fitness pop-up in Brooklyn and seasonal initiatives like the Coco Card holiday program in New York City. These stories illustrate how the company connects its beverages to everyday and high-intensity hydration occasions.
Investors and followers can also find company statements on tariff developments affecting coconut water products and press releases tied to quarterly financial results. By checking this page regularly, readers can see how The Vita Coco Company evolves its brand portfolio, engages with consumers and athletes, and communicates significant business updates.
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.
The Vita Coco Company, a leading high-growth platform of better-for-you beverage brands, will participate in the Goldman Sachs Global Staples Forum on May 14, 2024. The Company's CEO, Martin Roper, will engage in a fireside chat during the event.
The Vita Coco Company reported positive financial results for the first quarter of 2024, with a 2% increase in net sales to $112 million. The company's net income rose to $14 million, while Non-GAAP Adjusted EBITDA increased to $21 million. Gross profit also saw a significant increase, and the company raised its full-year guidance, expecting net revenue between $500-$510 million and Adjusted EBITDA between $76-$82 million.
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