EarningsVita Coco Co. reported stronger than expected Q4 topline growth of 15%, driven by Vita Coco Coconut Water sales growth, showcasing the company's robust market demand.
Financial PerformanceAnalyst maintains FY24 sales forecast for COCO at the high end of the company's outlook, reflecting strong business confidence.
Margin ImprovementAs ocean freight rates normalized, gross margins recovered significantly from a 20% trough to 41% in the last quarter, indicating improved efficiency and profitability.