NASDAQ$COCO
The Vita Coco Company Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and full year ended December 31, 2022.
The Vita Coco Company reported a 6% increase in net sales for Q4 2022, reaching $92 million. Gross profit remained flat at $22 million. The company experienced a net loss of $(3) million, or $(0.05) per diluted share, and a Non-GAAP Adjusted EBITDA of $4 million.
- Net sales grew 6% to $92 million, driven by Vita Coco Coconut Water growth of 4%.
- Gross profit was flat at $22 million, with a gross margin of 24%.
- Net loss attributable to shareholders was $(3) million, or $(0.05) per diluted share.
- Non-GAAP Adjusted EBITDA was $4 million.
Headline financials
Revenue & EPS history
Vita Coco · Revenue · Quarterly
$92M
Forward guidance
The Company anticipates net sales growth of approximately 9-11% compared to fiscal year 2022, with Vita Coco Coconut Water expected to grow mid-teens and Private Label net sales approximately flat. They are forecasting Adjusted EBITDA in the range of $52 million to $58 million.
Tailwinds
- Expect net sales growth of approximately of 9-11% compared to fiscal year 2022
- Vita Coco Coconut Water expected to grow mid-teens
- Private Label net sales approximately flat.
- Full year gross margin expected to be between 32% and 34%
- Forecasting Adjusted EBITDA in the range of $52 million to $58 million
Headwinds
- Uncertainty and instability of the current operating environment
- Global economies
- Geopolitical landscape could affect this outlook
- Higher full year SG&A expenses to support long term growth initiatives
- GAAP reported SG&A expenses growing ahead of net sales.
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 Q4 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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