Strong Sales Growth in Key Markets
Net sales in the quarter were up 17%, driven by growth of Vita Coco Coconut Water up 25%, benefiting from an acceleration of growth in the coconut water category and improvement in available inventory.
International Market Expansion
International segment net sales were up 17% with Vita Coco Coconut Water growing 36%, driven by strong growth across all major markets, particularly in the U.K. and Germany.
Improved Inventory Position
Entering the summer with a significantly stronger inventory position, allowing for normal promotional cadence and support for growth, particularly in the third quarter.
Continued Innovation and Product Expansion
Success of new products such as Vita Coco Treats contributing to 84% growth in the other product category. Expansion of SKUs in convenience stores and partnerships with food service providers like Joe's Coffee and Pete's Coffee.