Vita Coco Company Second Quarter 2024 Earnings: EPS Beats Expectations

Vita Coco Company (NASDAQ:COCO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$144.1m (up 3.2% from 2Q 2023).
• Net income: US$19.1m (up 6.1% from 2Q 2023).
• Profit margin: 13% (in line with 2Q 2023).
• EPS: US$0.34 (up from US$0.32 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vita Coco Company EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are up 7.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Vita Coco Company's balance sheet and an in-depth analysis of the company's financial position.

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