Vita Coco Q3 sales rise, beat analyst estimates

Overview

• US beverage company's Q3 net sales rose 34% yr/yr, beating analyst expectations

• Net income for Q3 increased to $35 mln from $24 mln yr/yr

• Company raised full-year 2026 net sales and adjusted EBITDA guidance

Outlook

• Vita Coco raises 2026 net sales guidance to $810 mln-$820 mln

• Vita Coco raises 2026 adjusted EBITDA outlook to $170 mln-$175 mln

Result Drivers

• PRIVATE LABEL AND COPRA ACQUISITION - Co said private label shipments and the addition of Copra boosted Q3 sales

• COCONUT WATER DEMAND - Co cited strong coconut water category growth, especially in Europe and America, as a driver

• MINIMAL TARIFFS - Co said lower tariffs compared to prior year benefited gross profit, partly offset by higher logistics costs

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-alcoholic beverages peer group is "buy"

• Wall Street's median 12-month price target for The Vita Coco Company, Inc. is $81.00, about 27.6% above its October 21 closing price of $63.50

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 36 three months ago

Reuters Recommended Reads

• Oct 21 - Juice maker Yantai North Andre's Q3 profit falls on lower sales volume

• Oct 22 - Darling Ingredients Q3 sales rise

• Oct 20 - Hasbro raises annual revenue forecast on strong demand for digital games

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)