Vita Coco Posts 58-Cent Q3 EPS as Momentum Builds
COCO sits 57% above its 52-week low of $39.46 on elevated volume (2.0× avg).
Summary
Vita Coco reported third-quarter EPS of 58 cents, the first hard earnings number out this cycle, alongside net income of $35M and sales of USD 244 Million versus an IBES estimate of USD 230.1 Million. That follows a strong second quarter — net sales of $216M, up 28% year over year, with net income more than doubling to $49.5M and gross margin at 48.7% — so the print lands against elevated expectations. The company also raised its full-year guidance, after having raised it significantly at Q2. The stock trades near $61.82 with a roughly $3.6B market cap, so a single quarter's EPS carries real weight in how the market prices the growth story.
At the time of this announcement, COCO was trading at $61.82 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $39.46 to $85.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.