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Vita Coco reports Q3 EPS 40c, consensus 31c

Reports Q3 revenue $182M, consensus $156.8M. Martin Roper, CEO, said, “Our exceptionally strong shipment performance in the third quarter benefited from very strong demand for Vita Coco (COCO) Coconut Water, and great execution from our teams. Our increased full year net sales guidance is based on this momentum, and on delivering high teens Vita Coco Coconut Water full year growth. Even though the applicable tariff rates have increased since we last reported earnings, our strong topline growth and operational execution supports our raise of our full year adjusted EBITDA guidance.”

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