tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vita Coco sees 2024 net sales $495M-$505M, consensus $503.27M

The Company is providing the following guidance: Expect 2024 net sales to be between $495 million and $505 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 36% and 38%, with some uncertainty related to transportation cost impacts from recent increases in ocean freight routes. SG&A expenses expected to be approximately flat to 2023. Forecasting Adjusted EBITDA in the range of $74 million to $78 million.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on COCO:

Disclaimer & DisclosureReport an Issue

1