Vita Coco Company Inc (OQ:COCO)
Business Focus: Non-Alcoholic Beverages
| Sector: Consumer Non-Cyclicals | Industry: Non-Alcoholic Beverages |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 250 Park Avenue South, Seventh Floor NEW YORK NY 10003 |
| Tel: | N/A |
| Website: | https://vitacoco.com |
| IR: | See website |
| Key People | ||
| Michael Kirban Executive Chairman of the Board, Co-Founder | Martin F. Roper Chief Executive Officer, Director | Ira Liran Co-Founder, Director |
| Corey Baker Chief Financial Officer | Jonathan Burth Chief Operating Officer | Jane Prior Chief Marketing Officer | Charles Van Es Chief Sales Officer |
| Business Overview |
| The Vita Coco Company, Inc. offers a platform for brands in the functional beverage category. The Company's brands include the coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. Its branded portfolio is led by its Vita Coco brand, which is engaged in the coconut water category in the United States, and also includes coconut oil, juice, and milk offerings. It supplies private label products to retailers in both the coconut water and coconut oil categories. Additionally, the Company is also engaged in bulk product sales to beverage and food companies. Its Americas segment comprised of its operations primarily in the United States and Canada and the International segment comprised of operations primarily in Europe, the Middle East, Africa, and the Asia Pacific regions. The Company's products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and foodservice channels. |
| Financial Overview |
| For the three months ended 31 March 2024, Vita Coco Company Inc revenues increased 2% to $111.7M. Net income increased from $6.7M to $14.2M. Revenues reflect International segment increase of 20% to $15.6M. Net income benefited from Interest income increase from $13K to $1.5M (income), Interest expense decrease from $15K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from $0.12 to $0.25. |
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