Vita Coco recently released its latest 10-Q report. The company develops, manufactures, markets and distributes coconut water products, along with coconut-based drinks, oils and plant-based alternatives, under the Vita Coco brand in North America, Europe, the Middle East, Africa and Asia Pacific. It also sells private label products to retailers and distributes through club, food, drug, mass, convenience, e-commerce and foodservice channels.
In Item 2, management said the company’s business remains centered on branded coconut water, private label coconut water and coconut oil, plus smaller “other” products such as Vita Coco Treats, Vita Coco Coconut MLK and PWR LIFT. As of June 30, 2026, Vita Coco said it sourced products from about 20 factories and co-packers worldwide and operated an asset-light supply chain without owning those facilities. It said its products were available in more than 35 countries, with primary markets in North America, the U.K. and Germany.
For the three months ended June 30, 2026, net sales rose to $216.2 million from $168.8 million a year earlier. Gross profit increased to $105.3 million from $61.3 million, and operating income climbed to $63.1 million from $25.1 million. Net income was $49.5 million, up from $22.9 million.
For the first six months of 2026, net sales reached $395.9 million, compared with $299.7 million in the prior-year period. Gross profit was $177.1 million, up from $109.4 million, while operating income increased to $96.7 million from $44.4 million. Net income rose to $79.9 million from $41.8 million.
The company said tariff refunds were a major factor in the quarter. During the three months ended June 30, 2026, it received about $15.6 million in tariff refunds, which it recorded as a reduction to cost of goods sold. Management said the refunds favorably affected gross profit, operating income, net income and diluted earnings per share for both the three* and six-month periods.
By segment, the Americas generated $172.5 million of sales in the quarter, up 21.5% from $142.0 million. Americas Vita Coco coconut water sales increased 14.5% to $137.9 million, while private label sales jumped 83.2% to $26.9 million. International sales rose 63.0% to $43.7 million, led by a 59.8% increase in Vita Coco coconut water to $31.8 million and an 82.1% increase in private label to $11.3 million.
For the six-month period, Americas sales rose 26.0% to $320.6 million, and International sales increased 66.9% to $75.3 million. Vita Coco coconut water sales in the Americas climbed to $256.0 million from $206.6 million, while International coconut water sales increased to $54.3 million from $33.1 million. Private label sales also grew sharply in both segments, reaching $51.3 million in the Americas and $20.2 million internationally.
SG&A expense increased to $42.2 million in the quarter from $36.1 million a year earlier, and to $80.4 million for the six months from $64.9 million. Income before taxes was $64.4 million in the quarter and $101.8 million for the half-year, up from $28.2 million and $52.5 million, respectively. The company also said it completed the acquisition of Copra Inc. on July 22, 2026, adding a Thai Nam Hom coconut water producer and a factory in Thailand to its supply chain. As a result of these announcements, the company's shares have moved -6.27% on the market, and are now trading at a price of $69.78. For more information, read the company's full 10-Q submission here.
