Vita Coco recently released its latest 10-Q report. The Vita Coco Company develops, manufactures, markets, and distributes coconut water products and related plant-based beverages in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Its portfolio includes Vita Coco coconut water, coconut oil, juice products, Vita Coco Treats, Vita Coco Pressed, Vita Coco Coconut Juice, Farmers Organic, Vita Coco Coconut MLK, and PWR LIFT, and it also sells private label products to retailers through club, food, drug, mass, convenience, e-commerce, and foodservice channels.
In Item 2, management said the company’s results should be read alongside its condensed consolidated financial statements and its fiscal 2025 Form 10-K filed on Feb. 18, 2026. For the quarter ended March 31, 2026, Vita Coco reported net sales of $179.8 million, up from $130.9 million a year earlier, with gross profit rising to $71.8 million from $48.1 million and operating income increasing to $33.6 million from $19.3 million. Net income climbed to $30.5 million from $18.9 million, while income tax expense increased to $7.0 million from $5.5 million.
The company said the sales increase was driven mainly by Vita Coco Coconut Water, where net sales rose 41.6% on a 32.0% increase in case-equivalent volume and improved net pricing. By segment, Americas net sales increased to $148.2 million from $112.6 million, and International net sales rose to $31.6 million from $18.3 million.
Within the Americas segment, Vita Coco Coconut Water sales increased to $118.0 million from $86.1 million, Private Label rose to $24.4 million from $21.2 million, and Other increased to $5.7 million from $5.3 million. In International, Vita Coco Coconut Water sales climbed to $22.5 million from $13.2 million, Private Label increased to $8.8 million from $4.8 million, and Other declined to $244,000 from $385,000.
Management also pointed to tariff developments as a key factor affecting performance. The company said it sources to the U.S. primarily from the Philippines and Brazil, with additional supply from Thailand, Vietnam, Malaysia, Sri Lanka, Canada, Mexico, and Indonesia, and noted that it filed refund claims for about $15.6 million of tariffs paid in 2025 after a February 2026 Supreme Court ruling on certain IEEPA tariffs. It said no recovery has been recognized in the financial statements because the timing and acceptance of refunds remain uncertain.
Vita Coco said it operates with a diversified global network of approximately 16 factories and does not own those facilities, which it described as an asset-light supply chain model. As of March 31, 2026, the company said its products were available in over 35 countries, with primary markets in North America, the United Kingdom, and Germany. The market has reacted to these announcements by moving the company's shares 6.26% to a price of $50.39. For more information, read the company's full 10-Q submission here.
