The Vita Coco Company, Inc. Provides Earnings Guidance for the Full Year 2022
May 11, 2022 at 04:05 pm EDT
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The Vita Coco Company, Inc. provided earnings guidance for the full year 2022. For the year, the company expects net sales in the range of $440 million to 455 million, representing a growth of approximately 16%-20% compared to fiscal year 2021.
The Vita Coco Company, Inc. offers a platform for brands in the functional beverage category. The Companyâs brands include the coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. Its branded portfolio is led by its Vita Coco brand, which is engaged in the coconut water category in the United States, and also includes coconut oil, juice, and milk offerings. It supplies private label products to retailers in both the coconut water and coconut oil categories. Additionally, the Company is also engaged in bulk product sales to beverage and food companies. Its Americas segment comprised of its operations primarily in the United States and Canada and the International segment comprised of operations primarily in Europe, the Middle East, Africa, and the Asia Pacific regions. The Companyâs products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and foodservice channels.
THE VITA COCO COMPANY, INC. 
