Vita Coco Posts 28% YoY Revenue Growth and Q2 Beat
Vita Coco reported Q2 revenues of $216.2 million, up 28.1% year on year, beating analysts’ consensus by 1%. Next-quarter revenue guidance was 2.2% above expectations. Although the stock is down 25.9% since the report, it trades at $55.15. The wider beverages peer set showed mixed results, with some margin misses despite EBITDA beats.