Quarterly ResultOct 22, 2026, 04:26 PM
Vita Coco Q3 Sales Jump 33.7% to $243.8M; Net Income Up 45.9%
AI Summary
Vita Coco Company, Inc. reported strong financial results for the third quarter and first nine months of 2026. Net sales increased by 33.7% year-over-year to $243.8 million for Q3, and net income rose by 45.9% to $35.0 million. Diluted EPS grew to $0.58 from $0.40. The company also completed the acquisition of Copra, Inc. in July 2026 for $237.7 million, significantly increasing total assets and liabilities. This strategic acquisition is expected to expand the company's product portfolio and manufacturing capabilities.
Key Highlights
- Vita Coco Company, Inc. reported Q3 2026 net sales of $243.8M, a 33.7% increase year-over-year.
- Net income for Q3 2026 was $35.0M, up 45.9% from $24.0M in Q3 2025.
- Diluted EPS for Q3 2026 was $0.58, compared to $0.40 in Q3 2025.
- Nine-month 2026 net sales reached $639.7M, a 32.7% increase from $482.0M in the prior year period.
- Nine-month 2026 net income was $114.9M, up 74.7% from $65.8M in the prior year period.
- Acquired Copra, Inc. for $237.7M in July 2026, adding $102.4M in goodwill.
- Total assets increased to $696.1M as of September 30, 2026, from $461.3M at December 31, 2025.
- Total liabilities increased to $267.4M as of September 30, 2026, from $129.8M at December 31, 2025.
Price Impact
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