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AI brief of an SEC Form 8-K · The Vita Coco (COCO)

Vita Coco raises 2024 outlook as Q1 net income rises to $14 million

Positive Impact 4 of 5 guidance Written later

Vita Coco reported first quarter 2024 net sales up 2% to $112 million, with net income of $14 million, or $0.24 per diluted share, compared with $7 million, or $0.12, a year earlier. The company raised its full-year 2024 guidance to net sales of $500 million to $510 million and Adjusted EBITDA of $76 million to $82 million, but said higher ocean freight costs will weigh on gross margins starting in the second quarter.

Key points

  • Q1 2024 net sales rose 2% to $112 million, and gross margin rose to 42.2% from 30.7%.
  • Q1 2024 Adjusted EBITDA was $21 million, compared with $9 million in the same period of 2023.
  • 2024 guidance: net sales of $500 million to $510 million, Adjusted EBITDA of $76 million to $82 million, and full-year gross margin of 37% to 39%.

The filing

CompanyThe Vita Coco (COCO)
Form8-K, current report
Filed with the SECMay 1, 2024, 7:45 AM ET
Accession number0001482981-24-000060

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.