Profile
Sector:
Consumer DefensiveIndustry:
Non-Alcoholic BeveragesCountry:
United StatesIPO:
21 October 2021Website:
http://thevitacococompany.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:55:07 GMTDividend
Analysts recommendations
Institutional Ownership
COCO Latest News
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In the closing of the recent trading day, Vita Coco Company, Inc. (COCO) stood at $30.30, denoting a -1.75% change from the preceding trading day.
Vita Coco stock is recommended as a buy due to expected growth acceleration and margin expansion. The company reported earnings growth of 1.8% and beat gross margin expectations. Management raised FY24 net sales guidance and gross margin guidance, indicating potential for strong growth and profitability.
SKYW, POWL, MTX, COCO, and THC are five stocks showing strong relative price momentum.
Vita Coco Company (COCO) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating increased confidence in the company's earnings potential. This could lead to a rise in the stock price in the short run.
Companies in the soft drinks industry such as KO, PEP, MNST, KDP, and COCO are showing strength due to high consumer demand, innovation, expansion into new categories, and digital investments, despite facing inflation challenges.
In the future, the U.S. economy seems bright and resilient. The recent inflation spike that worried many has now stabilized around the Federal Reserve's goal of 2%.
Vita Coco Company has achieved strong top line growth, driven by volume-driven sales of Vita Coco Coconut Water. Gross margins have significantly expanded, leading to an increase in EBIT margin. While FY24 growth may be subdued due to one-off factors, strong underlying demand and cost reductions are expected to drive future growth and margin expansion.
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What type of business is Vita Coco?
The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. In addition, the company supplies coconut water and coconut oil categories to retailers. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021.The Vita Coco Company, Inc. was founded in 2004 and is headquartered in New York, New York.
What sector is Vita Coco in?
Vita Coco is in the Consumer Defensive sector
What industry is Vita Coco in?
Vita Coco is in the Non-Alcoholic Beverages industry
What country is Vita Coco from?
Vita Coco is headquartered in United States
When did Vita Coco go public?
Vita Coco initial public offering (IPO) was on 21 October 2021
What is Vita Coco website?
https://thevitacococompany.com
Is Vita Coco in the S&P 500?
No, Vita Coco is not included in the S&P 500 index
Is Vita Coco in the NASDAQ 100?
No, Vita Coco is not included in the NASDAQ 100 index
Is Vita Coco in the Dow Jones?
No, Vita Coco is not included in the Dow Jones index
When does Vita Coco report earnings?
The next expected earnings date for Vita Coco is 02 August 2024