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Vita Coco Company (COCO)
NASDAQ:COCO
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.11Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 16.50%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong international growth and brand performance, particularly in Europe, while also acknowledging significant supply chain challenges that impacted inventory and increased transportation costs. Overall, the growth prospects and financial health of the company remain positive, but the supply chain issues have created a noticeable drag on the company's performance this quarter.Company Guidance
During the Vita Coco Company's Q3 2024 earnings call, the executives provided guidance on various performance metrics. They reported a 4% decrease in net sales compared to the previous year, attributing this to a decline in private label sales by 37%, although Vita Coco Coconut Water saw an 8% increase. The company adjusted its full-year guidance upwards, expecting net sales between $505 million and $515 million, with gross margins ranging from 37% to 39%, and adjusted EBITDA in the range of $80 million to $84 million. They faced challenges with ocean freight, obtaining only about 85% of the required containers earlier in the year, which impacted inventory levels. However, container availability improved by late September, allowing shipments to recover. The executives highlighted strong international growth, particularly in the UK and Germany, and planned to increase production capacity for 2025 and 2026 to ensure supply chain flexibility. Despite the temporary setbacks, the company remains optimistic about ending the year on a strong note and is confident in maintaining long-term growth.International Growth Success
The international segment reported a 19% increase in net sales, with Vita Coco Coconut Water growing by 31% in international markets, showcasing strong performance in the UK and Germany.
Vita Coco Brand Growth
Vita Coco Coconut Water net sales increased by 8% overall, with a 5% increase in the Americas and 19% internationally, driven by new product introductions such as Vita Coco Juice with 39% growth year-to-date.
Strong Financial Position
The company ended the quarter with $157 million in cash and no debt, an increase from $133 million in cash at the end of 2023.
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COCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $30.78 | $29.56 | -3.96% |
| Jul 31, 2024 | $24.63 | $25.84 | +4.91% |
| May 01, 2024 | $24.24 | $26.16 | +7.92% |
| Feb 28, 2024 | $22.43 | $25.77 | +14.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vita Coco Company (COCO) report earnings?
Vita Coco Company (COCO) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Vita Coco Company (COCO) earnings time?
Vita Coco Company (COCO) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COCO EPS forecast?
COCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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