NASDAQ$COCO
The Vita Coco Company Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Net sales increased and gross margin improved sequentially.
The Vita Coco Company reported a 13% increase in net sales to $115 million for Q2 2022, driven by a 21% growth in Vita Coco Coconut Water. Gross profit remained flat at $29 million, representing 25% of net sales, with a sequential improvement from Q1. Net income attributable to shareholders was $1 million, or $0.02 per diluted share.
- Net sales grew by 13% to $115 million, driven by a 21% increase in Vita Coco Coconut Water sales.
- Gross profit was $29 million, representing 25% of net sales, showing sequential improvement from the first quarter.
- Net income attributable to shareholders was $1 million, or $0.02 per diluted share.
- The company reaffirmed its previously communicated net sales and adjusted EBITDA guidance for the full year 2022.
Headline financials
Revenue & EPS history
Vita Coco · Revenue · Quarterly
$115M
Forward guidance
The Company is reaffirming previously communicated full year 2022 guidance.
Tailwinds
- Expect net sales in the range of $440-455 million, representing a growth of approximately 16-20% compared to fiscal year 2021.
- Expect gross margin improvement for the remainder of 2022 compared to the first quarter.
- Anticipate full year gross margins in the mid 20%’s due to expected continued elevated transportation costs, partially offset by the benefit of higher net pricing and efficiency initiatives.
- Forecast Adjusted EBITDA in the range of $27-32 million reflecting volume and pricing growth offset by higher than normal transportation costs and increased public company costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+2.3%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+5.2%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+29.8%
Q1 2026
Best reaction
-21.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +29.8% | +30.1% | +45.5% | |
| Q4 2025 | -11.4% | -5.1% | -6.4% | |
| Q3 2025 | +7.0% | -3.4% | +26.4% | |
| Q1 2025 | +4.8% | +10.3% | +12.8% | |
| Q4 2024 | -11.7% | -14.1% | -21.8% | |
| Q3 2024 | -3.8% | +12.4% | +15.5% | |
| Q2 2024 | +7.8% | +6.8% | +6.0% | |
| Q1 2024 | +9.2% | +8.8% | +20.1% | |
| Q4 2023 | +16.4% | +16.7% | +8.9% | |
| Q3 2023 | +20.0% | +23.8% | +20.1% | |
| Q2 2023 | -7.2% | +4.5% | +2.8% | |
| Q1 2023 | +12.5% | +14.1% | +30.2% | |
| Q4 2022 | +5.9% | -0.5% | +24.7% | |
| Q3 2022 | +9.5% | +17.1% | +41.9% | |
| Q2 2022 | +9.5% | +30.9% | +34.9% | |
| Q1 2022 | -21.4% | -11.3% | -1.3% | |
| Q2 2021 | -4.2% | +2.9% | +8.5% | |
| Q4 2019 | -4.2% | +2.9% | +8.5% | |
| Q4 2021 | -18.5% | -21.9% | -12.2% | |
| Q3 2020 | -0.6% | -3.5% | -39.9% | |
| Q1 2021 | -0.6% | -3.5% | -39.9% | |
| Q4 2020 | -0.6% | -3.5% | -39.9% | |
| Q3 2021 | +4.8% | +9.9% | -25.0% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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