| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 216.15 | 20.2% | 28.1% |
| Total Income | 216.15 | 20.2% | 28.1% |
| Expenditure | 153.01 | 4.7% | 6.5% |
| PBT | 64.36 | 71.9% | 128.5% |
| Net Profit | 49.45 | 62.3% | 115.8% |
| OPM | 29.21% | 10.53pp | 14.32pp |
| NPM | 22.88% | 5.93pp | 9.30pp |
| EPS | 0.86 | 62.3% | 115.0% |
Vita Coco Reports Q2 2026 Results, Net Sales Up 28% to $216M, Raises Full Year Guidance
23 Jul 2026 · 23 Jul, 4:51 pm
Summary
The Vita Coco Company announced strong financial results for the second quarter of 2026, with net sales reaching $216 million, a 28% increase year-over-year, driven by robust Vita Coco Coconut Water growth. Gross profit surged to $105 million, and gross margin expanded significantly to 49% due to tariff refunds and improved pricing. Net income and Non-GAAP Adjusted EBITDA also saw substantial increases, reflecting the company's strong performance. Based on these results and continued brand strength, the company has raised its full-year 2026 guidance for both net sales and Adjusted EBITDA.
Key Highlights
- 1
The Vita Coco Company reported second quarter 2026 net sales of $216 million, an increase of 28% year-over-year.
- 2
Vita Coco Coconut Water net sales grew 21% in the second quarter, contributing significantly to the overall revenue increase.
- 3
Gross profit for the second quarter was $105 million, an increase of $44 million compared to the prior year period.
- 4
Gross margin improved to 49% in the second quarter from 36% in the prior year period, aided by tariff refunds.
- 5
Net income for the second quarter increased to $49 million, up from $23 million in the prior year period.
- 6
Non-GAAP Adjusted EBITDA for the second quarter was $67 million, an increase of $38 million compared to the prior year period.
- 7
The company raised its full fiscal year 2026 guidance for net sales to between $790 million and $805 million and Adjusted EBITDA to between $154 million and $161 million.
Management Comments
Michael Kirban
The coconut water category maintained very strong growth during the quarter, and continues to be one of the fastest growing beverage categories in our major markets. The growth is being generated by increases in both household penetration and in average consumption per household. I believe this growth is being driven by our investments in consumer education, emphasizing the fact that coconut water has 3.5 times the electrolytes of the leading sports drink while also offering an array of diverse usage and drinking occasions. I am very proud of our team's accomplishments and confident in our plans to maintain this growth and our category leadership well into the future. The global momentum in our category and our brand health and supply chain performance has me very excited for our long-term potential.
Martin Roper
Our healthy second quarter shipment performance was driven by robust branded retail growth in all our major markets, reflective of strong brand demand and by private label shipment strength mainly due to distribution gains. We are raising our full year Net Sales and Adjusted EBITDA guidance based on expected continued brand strength in our major markets coupled with strong second half private label shipment trends, and slight underlying gross margin improvement versus prior guidance. While we still expect to see current cost pressures temporarily reduce gross margin for the balance of year, our strong underlying performance allows us to increase our investments in sales and marketing in the second half in order to maintain our momentum into 2027.
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