NASDAQ$COCO
The Vita Coco Company Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a decrease in net sales but growth in Vita Coco Coconut Water, along with increased net income, and raised full year guidance.
The Vita Coco Company reported a 4% decrease in net sales to $133 million for Q3 2024, while Vita Coco Coconut Water sales grew by 8%. Net income increased to $19 million, and the company raised its full-year guidance for net sales and adjusted EBITDA.
- Net sales decreased 4% to $133 million in the third quarter, but year-to-date sales remained flat at $389 million.
- Vita Coco Coconut Water net sales grew 8% in the third quarter and 5% year-to-date.
- Gross profit was $52 million in the third quarter, with a gross margin of 39%.
- Net income increased to $19 million, or $0.32 per diluted share, in the third quarter.
Headline financials
Revenue & EPS history
Vita Coco · Revenue · Quarterly
$133M
Forward guidance
The Company is raising its full year guidance for net sales and adjusted EBITDA.
Tailwinds
- Expect 2024 net sales to be between $505 million and $515 million, with projected Vita Coco Coconut Water and private label coconut water volume growth, being offset by expected decreases in private label coconut oil business and price/mix effects.
- Full year gross margin expected to be between 37% and 39%.
- SG&A expenses expected to be flat to slightly down versus 2023.
- Forecasting adjusted EBITDA in the range of $80 million to $84 million.
Headwinds
- Uncertainty and instability of the current operating environment, global economies, and geopolitical landscape could affect this outlook and our future results.
- Recent increases on certain ocean freight routes expected to adversely affect gross margins in the fourth quarter.
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 Q3 2024
+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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