Vita Coco recently released its 10-Q report, revealing a company that develops, markets, and distributes coconut water products under the Vita Coco brand name in various regions across the globe. The company also offers other coconut-related products such as coconut oil, coconut juice, and coconut milk, along with packaged water under the Ever & Ever brand name and PWR LIFT, a protein-infused fitness drink. It supplies private label products to retailers and distributes its products through various channels, including club, food, drug, mass, convenience, e-commerce, and foodservice channels.
In the Management’s Discussion and Analysis of Financial Condition and Results of Operations, Vita Coco highlighted its position as one of the largest brands globally in the coconut and other plant waters category. The company's branded portfolio is led by the Vita Coco brand, which is the leader in the coconut water category in the United States. Vita Coco's products are available in over 35 countries, with primary markets in North America, the United Kingdom, and Germany. The company's primary markets for private label products are North America and Europe.
Vita Coco's net sales for the three months ended June 30, 2025, were $168,759, compared to $144,116 for the same period in 2024. For the six months ended June 30, 2025, net sales were $299,680, compared to $255,814 for the same period in 2024. The cost of goods sold includes the costs of the products sold to customers, inbound and outbound shipping and handling costs, freight and duties, shipping and packaging supplies, and warehouse fulfillment costs. Gross profit is the net sales less the cost of goods sold, and gross margin is the gross profit as a percentage of net sales. The company's gross margin is affected by various factors, including the mix of products sold, the channels through which products are sold, the promotional environment in the marketplace, manufacturing costs, commodity prices, warehouse costs, and transportation rates.
Vita Coco's operating expenses include selling, general and administrative expenses, which consist of marketing expenses, promotional expenses, and general and administrative expenses. The company also recognizes unrealized gains or losses on derivative instruments, foreign currency gains or losses, interest income, and income tax expenses. The company operates in two reporting segments: the Americas and International, with each segment deriving revenues from product categories such as Vita Coco Coconut Water, Private Label, and Other products.
The 10-Q report provides a detailed insight into Vita Coco's financial performance, highlighting its net sales, cost of goods sold, gross profit, operating expenses, and operating segments. It offers a comprehensive view of the company's financial condition and results of operations for the specified period, giving investors and stakeholders valuable information to assess the company's performance and prospects. The market has reacted to these announcements by moving the company's shares -1.37% to a price of $36.77. For more information, read the company's full 10-Q submission here.
