Vita Coco Company Inc
NASDAQ:COCO

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Vita Coco Company Inc
NASDAQ:COCO
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Price: 54.14 USD 1.06% Market Closed
Market Cap: 3.1B USD

Vita Coco Company Inc
Investor Relations

The Vita Coco Company Inc. has carved a distinct niche in the ever-evolving beverage industry, with its humble beginnings rooted in the vibrant sidewalks of New York City. Founded by childhood friends Michael Kirban and Ira Liran in 2004, Vita Coco personifies the entrepreneurial spirit, driven by the duo’s encounter with Brazilian coconut water on a chance night out. From these origins, the company has grown into a substantial player in the natural beverage market, capitalizing on consumers’ increasing shift towards healthier lifestyle choices and the demand for functional beverages. At the core of its business model is the sourcing of fresh coconuts, primarily from Asia and Latin America, leveraging longstanding partnerships with farmers to ensure sustainable and ethical farming practices. This supply chain prowess enables Vita Coco to deliver its flagship coconut water products with a strategic focus on authenticity and quality.

The company's revenue model hinges on its ability to effectively market and sell coconut-based beverages, turning a once-niche market into a popular choice for sports enthusiasts, health-conscious individuals, and everyday consumers seeking hydration alternatives. To sustain and expand its market presence, Vita Coco employs a multi-pronged distribution strategy that encompasses grocery stores, e-commerce platforms, and food service channels globally. In addition to its original coconut water offering, the company has diversified its portfolio through product innovations such as coconut milk and sparkling coconut water, tapping into a broader spectrum of consumer preferences. These efforts contribute to the company's financial performance, ensuring a steady stream of income while aiming to capture a larger share of the functional beverage sector. The culmination of strategic product placement, brand recognition, and consumer trust positions Vita Coco as a formidable competitor, continually adapting to the fluid dynamics of consumer tastes and health trends.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Strong Growth: Net sales rose 37% year-over-year to $182 million in Q3, led by Vita Coco Coconut Water up 42%, and strong results in both U.S. and international markets.

Guidance Raised: Full-year net sales guidance was increased to $580–$595 million and adjusted EBITDA to $90–$95 million, reflecting strong trends and improved inventory.

Margin Impact: Gross margin declined to 38% (down 110 bps YoY) mainly due to new import tariffs and higher product costs, partially offset by pricing and lower freight.

Tariff Headwinds: Management flagged significant U.S. tariff impact (23% blended rate by year-end) but is taking mitigation actions including possible further price increases in 2026.

Category Momentum: Coconut water continues rapid adoption, with Vita Coco brand retail dollar sales up 21% in the U.S., 32% in the U.K., and over 200% in Germany year-to-date.

Private Label: Private label remains a complementary but volatile segment, with some lost regions being regained for 2026 and ongoing strategic importance.

Treats Launch: New Treats product drove 182% growth in "other" category, attracting new consumers with minimal cannibalization of core coconut water products.

Key Financials
Net Sales
$182 million
Vita Coco Coconut Water Sales Growth
42%
Private Label Sales Growth
6%
Americas Vita Coco Coconut Water Net Sales
$132 million
Americas Private Label Net Sales
$14 million
International Net Sales Growth
48%
International Vita Coco Coconut Water Growth
47%
International Private Label Sales Growth
70%
Other Product Category Growth
182%
Gross Profit
$69 million
Gross Margin
38%
SG&A Expenses
$41 million
Net Income
$24 million
EPS (Diluted)
$0.40
Effective Tax Rate
22%
Adjusted EBITDA
$32 million
Adjusted EBITDA Margin
18% of net sales
Cash on Hand
$204 million
Year-to-date Cash Generation
$39 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Kirban
Co-Founder, Executive Chairman & President
No Bio Available
Mr. Martin F. Roper
CEO & Director
No Bio Available
Mr. Ira Liran
Co-Founder & Director
No Bio Available
Mr. Jonathan Burth
Chief Operating Officer
No Bio Available
Mr. Charles van Es
Chief Sales Officer
No Bio Available
Ms. Yolanda Goettsch
General Counsel & Secretary
No Bio Available
Ms. Jane Prior
Chief Marketing Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
39 W 14th St Ste 404
Contacts
+12122060763.0
www.vitacoco.com