The Vita Coco Company is a leading manufacturer and marketer of coconut water and other coconut-based products
Known for its refreshing and hydrating beverages, the company focuses on providing consumers with natural, high-quality options that promote health and wellness. In addition to its flagship coconut water drinks, Vita Coco also offers a range of flavored variants and other coconut-derived products such as coconut oil and snacks. With a commitment to sustainability and sourcing from farmers in coconut-producing regions, the company has established a strong presence in the beverage market while appealing to health-conscious consumers.
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Vita Coco’s 22.3% return over the past six months has outpaced the S&P 500 by 19.7%, and its stock price has climbed to $33.62 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
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Coconut water company The Vita Coco Company (NASDAQCOCO) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 3.7% year on year to $132.9 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $510 million at the midpoint. Its GAAP profit of $0.32 per share was 22.5% above analysts’ consensus estimates.
