Vita Coco Q2 net sales rise 3% to $144 million; net income reaches $19 million
Vita Coco reported second-quarter 2024 results on July 31, 2024, with net sales up 3% to $144 million and net income of $19 million, compared with $18 million a year earlier. Adjusted EBITDA rose to $32 million from $24 million, and the company reaffirmed its full-year 2024 guidance of $500 million to $510 million in net sales and $76 million to $82 million in adjusted EBITDA. For shareholders, the quarter showed higher sales and profit, while the company said gross margin is expected to be pressured in the second half by higher ocean freight costs on certain routes.
Key points
- Q2 2024 net sales rose 3% to $144 million; Vita Coco Coconut Water net sales grew 4%.
- Q2 net income was $19 million, or $0.32 per diluted share, versus $18 million, or $0.31, a year earlier.
- Q2 gross margin was 41%, up from 37%, driven mainly by lower finished goods and transportation costs.
- Full-year 2024 guidance was reaffirmed: net sales of $500 million to $510 million and adjusted EBITDA of $76 million to $82 million.
The filing
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 July 31, 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.