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COCO - Vita Coco: Strong Margin Expansion And I Expect It To Continue Ahead
The Vita Coco Company Inc.
2024-03-18 02:16:11 ET
Summary
Vita Coco Company has achieved strong top line growth, driven by volume-driven sales of Vita Coco Coconut Water.
Gross margins have significantly expanded, leading to an increase in EBIT margin.
While FY24 growth may be subdued due to one-off factors, strong underlying demand and cost reductions are expected to drive future growth and margin expansion.