Vita Coco has recently released its 10-K report, revealing that it develops, markets, and distributes coconut water products under the Vita Coco brand name in several regions globally. The company offers a range of products including coconut oil, coconut milk, juice, and Runa, a plant-based energy drink. Vita Coco also provides private label coconut water and oil to retailers and distributes its products through various channels.
In the 10-K report, Vita Coco highlighted key factors affecting its performance, including risks associated with its supply chain and shipping, consumer demand and relationships with key customers, the ability to generate growth through product innovation, and the ability to successfully execute both in-store and online.
The report also provided specific financial details, such as net sales being predominantly made to distributors or retailers for final sale to consumers through retail channels, cost of goods sold including inbound and outbound shipping and handling costs, gross profit and gross margin being affected by various factors, and operating expenses including selling, general and administrative expenses.
Furthermore, the report delved into other income and expenses, including unrealized gain/(loss) on derivative instruments, foreign currency gain/(loss), interest income, interest expense, and income tax expense. The company's financial performance and operational details were thoroughly discussed in the 10-K report.
Following these announcements, the company's shares moved -10.7%, and are now trading at a price of $34.09. Check out the company's full 10-K submission here.
