Quarterly ResultApr 29, 2026, 08:47 AM
COCO Q1 Net Sales +37.3% to $179.8M; EPS $0.50
AI Summary
The Vita Coco Company reported strong first-quarter 2026 results, with net sales increasing by 37.3% to $179.8 million and net income rising by 61.4% to $30.5 million. Diluted EPS grew by 61.3% to $0.50. The company also generated $15.6 million in cash from operating activities, a significant improvement from a net cash outflow in the prior year. Additionally, COCO repurchased $11.5 million of common stock under its ongoing share repurchase program.
Key Highlights
- Net sales increased 37.3% to $179.8 million for Q1 2026, up from $130.9 million in Q1 2025.
- Net income rose 61.4% to $30.5 million for Q1 2026, compared to $18.9 million in Q1 2025.
- Diluted EPS was $0.50 for Q1 2026, a 61.3% increase from $0.31 in Q1 2025.
- Gross profit grew 49.3% to $71.8 million for Q1 2026, up from $48.1 million in Q1 2025.
- Americas segment net sales were $148.2 million, and International segment net sales were $31.6 million in Q1 2026.
- Cash and cash equivalents stood at $201.9 million as of March 31, 2026.
- Repurchased 225,273 shares for $11.5 million in Q1 2026; $29.4 million remains in buyback program.
- Net cash provided by operating activities was $15.6 million for Q1 2026, compared to $(9.8) million used in Q1 2025.
Price Impact
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