Quarterly ResultApr 29, 2026, 07:27 AM
COCO Q1 Net Sales +37% to $180M; Net Income +$12M to $30M; Raises FY26 Guidance
AI Summary
The Vita Coco Company reported strong first-quarter 2026 financial results, with net sales increasing 37% to $180 million and net income rising $12 million to $30 million. The company also raised its full-year 2026 guidance for net sales to $720-$735 million and Adjusted EBITDA to $132-$138 million, citing strong branded retail growth and improved pricing. Additionally, Vita Coco repurchased $12 million of common stock during the quarter, with $21 million remaining under its share repurchase program.
Key Highlights
- Net sales increased 37% to $180 million in Q1 2026.
- Net income rose $12 million to $30 million, with diluted EPS at $0.50.
- Non-GAAP Adjusted EBITDA increased $16 million to $39 million.
- Vita Coco Coconut Water net sales grew 42%, with CE volume up 32%.
- Gross margin improved to 40% from 37% in the prior year period.
- Raised FY26 net sales guidance to $720-$735 million (from $680-$700 million).
- Raised FY26 Adjusted EBITDA guidance to $132-$138 million (from $122-$128 million).
- Repurchased $12 million of common stock in Q1 2026, with $21 million remaining in the program.