The Vita Coco Company, Inc. (COCO) revealed earnings for its first quarter that Increased, from last year
The company's earnings totaled $30.474 million, or $0.50 per share. This compares with $18.882 million, or $0.31 per share, last year.
The company's revenue for the period rose 37.3% to $179.765 million from $130.921 million last year.
The Vita Coco Company, Inc. earnings at a glance (GAAP) :
-Earnings: $30.474 Mln. vs. $18.882 Mln. last year.-EPS: $0.50 vs. $0.31 last year.-Revenue: $179.765 Mln vs. $130.921 Mln last year.
This increase in revenue was driven by case equivalent volume gains of 32% for Vita Coco Coconut Water and 27% for Private Label as well as improved net pricing.
Looking ahead, the company has revised up its annual outlook.
For fiscal 2026, the company now anticipates adjusted EBITDA of $132 million to $138 million against the earlier guidance of $122 million and $128 million.
For fiscal 2026, Vita Coco now expects sales of $720 million to $735 million, compared with the prior outlook of $680 million to $700 million.
This revised sales guidance reflects mid-to-high teens growth of Vita Coco Coconut Water and improvements in Private Label trends from new and regained business.
COCO was up by 17.51% at $60.67 in the pre-market trade on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.