Vita Coco Reports Strong 2024 Financial Results

Vita Coco Company, Inc. ( (COCO) ) has released its Q4 earnings. Here is a breakdown of the information Vita Coco Company, Inc. presented to its investors.

The Vita Coco Company, Inc. is a high-growth beverage company known for its flagship coconut water brand, operating primarily in the health-focused beverage sector. The company reported strong financial results for the fourth quarter and full year of 2024, with a notable increase in net sales and net income. For the fourth quarter, net sales rose by 20% to $127 million, driven by a 30% increase in Vita Coco Coconut Water sales. The full year saw a 5% increase in net sales to $516 million, alongside a $9 million rise in net income to $56 million. Gross profit also improved, reaching $199 million for the year. The company’s strategic focus on expanding household adoption and consumption occasions for coconut water contributed to these results. Looking forward, Vita Coco anticipates net sales between $555 million and $570 million for 2025, with continued growth in its coconut water segment and the introduction of new products. The company remains optimistic about its future performance, supported by stable inventory levels and increased distribution opportunities.