Stock Analysis

Vita Coco Company Second Quarter 2024 Earnings: EPS Beats Expectations

NasdaqGS:COCO
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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).
earnings-and-revenue-growth
NasdaqGS:COCO Earnings and Revenue Growth August 1st 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqGS:COCO

Vita Coco Company

Develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.

Flawless balance sheet with proven track record.

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