Vita Coco reports Q4 EPS 11c, consensus 8c

Reports Q4 revenue $106M, consensus $99.63M. Michael Kirban, the Company’s Co-Founder and Executive Chairman, stated, “I am very proud of our team and the record performance achieved in 2023. Our focus and investment to expand consumption occasions of coconut water contributed to strong volume performance for the category and for our flagship Vita Coco Coconut Water brand. The organization’s ability to drive brand volume growth through strong retail execution and creative marketing programs, while continuing to improve profitability and cash generation at the same time is something that every member of the team should be proud of. As we enter our company’s 20th year in business, we are committed to continuing to grow the coconut water category, and I could not be more excited for what is to come.”