Reports Q3 revenue $182M, consensus $156.8M. Martin Roper, CEO, said, “Our exceptionally strong shipment performance in the third quarter benefited from very strong demand for Vita Coco (COCO) Coconut Water, and great execution from our teams. Our increased full year net sales guidance is based on this momentum, and on delivering high teens Vita Coco Coconut Water full year growth. Even though the applicable tariff rates have increased since we last reported earnings, our strong topline growth and operational execution supports our raise of our full year adjusted EBITDA guidance.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COCO:
- Vita Coco price target raised to $45 from $40 at BofA
- Vita Coco Company: Balancing Long-term Prospects with Immediate Challenges – Hold Rating Maintained
- Vita Coco announces collaboration with Montauk General Store
- Vita Coco price target raised to $41 from $38 at Morgan Stanley
- Vita Coco launches kits featuring Halloween costumes for Labubu dolls