Vita Coco Company, Inc. 8K

The Vita Coco Company announced strong first quarter 2026 results and increased its full-year 2026 net sales and Adjusted EBITDA guidance while continuing share repurchases.

The Vita Coco Company, Inc. reported strong financial results for the quarter ended March 31, 2026, with net sales rising 37% year-over-year to about $180 million driven largely by a 42% increase in Vita Coco Coconut Water sales, gross margin expansion from 37% to 40%, and net income increasing by $12 million to approximately $30 million. Non-GAAP Adjusted EBITDA grew from $23 million to $39 million, supported by higher pricing, lower ocean freight, and strong volume growth across both branded and private label products, while SG&A rose due to higher personnel, stock-based compensation, and marketing investments. The company highlighted a solid balance sheet with no debt, cash and cash equivalents of roughly $202 million, reduced inventories amid strong shipments, and continued execution of its share repurchase program, having bought back about $12 million of stock in Q1 2026 and $20 million year-to-date with $21 million remaining authorized. Based on this performance and outlook for continued category and brand strength, management raised full-year 2026 guidance, now expecting net sales between $720 million and $735 million and Adjusted EBITDA between $132 million and $138 million, while cautioning that macroeconomic, geopolitical, and tariff-related uncertainties could impact future results.

Filing Facts

CIK

1482981

Ticker

-

Form

8K

Source Type

sec

Accession

0001482981-26-000118

Alert Tier

7