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Vita Coco sees FY23 net sales growth 9%-11%
The Fly

Vita Coco sees FY23 net sales growth 9%-11%

FY23 revenue consensus $476.21M. Full year gross margin expected to be between 32% and 34%, with first quarter expected to approach 30%, showing significant improvement over 2022, and sequential improvement expected in the next two quarters, due primarily to improvement in transportation costs, with contributions from price and mix. Higher full year SG&A expenses to support long term growth initiatives, build commercial capabilities, cover increased employee costs, and improve efficiencies with GAAP reported SG&A expenses growing ahead of net sales. Forecasting Adjusted EBITDA in the range of $52 million to $58 million.

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