Vita Coco sees 2022 revenue $422M-$427M, consensus $448.82M

Anticipate full year gross margins in the mid 20%’s due to continued elevated transportation costs, partially offset by the benefit of higher net pricing and efficiency initiatives. Expect gross margin improvement for the fourth quarter relative to the third quarter. Forecast adjusted EBITDA2 in the range of $20-22 million reflecting volume and pricing growth offset by higher than normal transportation costs and increased public company costs.