COCO - Vita Coco: Freight Issues Create Expected Q2 Profitability Hiccup

2024-07-24 09:23:05 ET

Summary

• The Vita Coco Company, Inc.'s Q2 results are expected to show moderate growth once again, but pressured margins due to temporarily high and turbulent freight costs.
• The 2024 hiccup in growth created by a private label deal's ending, and the freight cost hiccup, don't disturb Vita Coco's underlying strong demand momentum over the long term.
• The stock's valuation remains balanced ahead of Q2 earnings.

The Vita Coco Company, Inc. ( COCO ) is going to report the company’s Q2 results on the 31 ^st of July, foreseeing pressured gross margins due to higher freight costs. The overall growth story continued strong despite hiccups in the gross margin and in revenue growth in 2024....

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