Vita Coco Raises 2024 Guidance as Q3 Net Sales Fall 4% to $133 Million
Vita Coco reported third-quarter 2024 net sales of $133 million, down 4% from the prior year, while net income rose to $19 million from $15 million. The company raised its full-year 2024 guidance for net sales and adjusted EBITDA, citing improving inventory flow after supply constraints that limited sales in the quarter. Shareholders get a mixed picture: lower sales and adjusted EBITDA, offset by higher profit and a higher outlook.
Key points
- Q3 2024 net sales were $133 million, down 4% from $138 million; year-to-date net sales were flat at $389 million.
- Q3 diluted EPS was $0.32 versus $0.26; net income was $19 million, partly helped by a $2.6 million unrealized derivative gain.
- Q3 adjusted EBITDA fell to $23 million from $27 million; gross margin was 39% versus 41%.
- 2024 guidance raised to net sales of $505 million to $515 million and adjusted EBITDA of $80 million to $84 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 October 30, 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.