COCO News and Press, The Vita Coco Company Inc. From 08/10/23

2023-08-10 12:01:18 ET Summary Consumer demand for coconut water is growing rapidly and COCO now has a 50% market share in the US and a dominant international presence. COCO's margins have improved significantly in 2023 amid a decline in inflation, endearing the stock to investors...

2023-08-10 08:56:13 ET Consumer prices rose 3.2% in July in comparison to last year to come slightly cooler than the 3.3% pace expected by economists. Core CPI was up 4.7% year-over-year and 0.2% higher on a month-to-month view. Overall, food prices were up 4.9% in July from a year ...

2023-08-09 13:28:04 ET Celsius Holdings ( NASDAQ: CELH ) skyrocketed in afternoon trading on Wednesday after the beverage company sailed past consensus estimates with its Q2 earnings report . Revenue jumped 112% year-over-year during the quarter to a record level of $326M. N...

2023-08-02 14:31:10 ET The Vita Coco Company, Inc. (COCO) Q2 2023 Earnings Call Transcript August 02, 2023 08:30 AM ET Company Participants Clay Crumbliss - ICR Michael Kirban - Co-Founder, Executive Chairman & President Martin Roper - CEO & Director ...

2023-08-02 12:49:39 ET Shares of coconut-water purveyor The Vita Coco Company (NASDAQ: COCO) were moving higher today after the beverage stock delivered another strong earnings report, beating estimates on the top and bottom lines. As of 11:43 a.m. ET, the stock was up 13.7%. ...

2023-08-02 07:55:30 ET Vita Coco Company ( NASDAQ: COCO ) rallied in early trading on Wednesday after the company sailed past consensus estimates with its Q2 earnings report and hiked guidance. Revenue was up 21.1% to $139.7M, driven by 23% net sales growth and 19% volume gr...

2023-08-02 07:15:44 ET Vita Coco press release ( NASDAQ: COCO ): Q2 GAAP EPS of $0.31 beats by $0.13 . Revenue of $139.65M (+21.1% Y/Y) beats by $9.47M . FY2023 Outlook : Expect net sales growth of approximately 10-12% compared to fiscal year 2022; Gro...

Second Quarter Net Sales Increased 21% to $140MM ; Year-To-Date Net Sales grew 18% Second Quarter Gross Margin of 37% , an Improvement of Over 1100 Basis Points Over 2022 Company Raises Full Year Net Sales, Gross Margin and Adjusted EBITDA Guidance ...

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (“Vita Coco” or the “Company”), a leading high-growth platform of better-for-you beverage brands, today announced that it will report financial results for the second quarter ended J...

2023-07-19 00:15:41 ET Summary Vita Coco, a leading beverage company, is expected to continue its strong performance due to increased distribution of new products and improved margins from lower ocean freight costs. The company, which has a 50% market share in the US coconut water...