The Company is raising its full year 2025 guidance, which includes the expected impact of the current applicable tariff rates and the Company’s mitigation actions. Net sales expected to be between $580M and $595M, with growth driven by projected Vita Coco (COCO) Coconut Water growth of high teens and the benefit of Vita Coco Treats rollout. Gross margin expected to be approximately 36% with increased finished goods costs versus 2024, and the impact of current tariffs, partially offset by net pricing and slightly lower logistics costs. SG&A expenses expected to increase high-single digits versus 2024. Adjusted EBITDA expected to be in the range of $90M to $95M. Uncertainty and instability of the current operating environment, geopolitical landscape, and global economies, including changes in tariff rates, associated potential competitive pricing actions and our own price elasticity, could affect this outlook and our future results.
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