The Vita Coco Company Stock Earnings Reports

Vita Coco reported a strong Q2 2026 with net sales up 28% to $216M, driven by Vita Coco Coconut Water growth (+21%) and a large jump in private label (+83%). Gross profit rose sharply and gross margin expanded to ~49% for the quarter, helped materially by tariff refunds and lower ocean freight. Management closed the acquisition of Copra—a super-premium Nam Hom coconut water manufacturer in Thailand—positioning Vita Coco to compete in the chilled super‑premium segment and to capture private‑label and branded growth in that space. The company raised full‑year guidance: net sales $790M–$805M, full‑year gross margin ~40%, and adjusted EBITDA $154M–$161M. Key risks and near‑term headwinds include rising packaging and domestic logistics costs, recent ocean freight surcharges that will flow into cost of goods in H2, and a temporary production impact from an earthquake in the Philippines (~1% of annual capacity lost). Management is prioritizing capacity expansion for 2028, plans ~$11M CapEx to expand Copra extraction capacity, expects Copra to be accretive to adjusted EBITDA post‑integration, and retains a strong balance sheet ($279M cash, no revolver debt). The board increased buyback authorization (additional $40M approved in July). Overall, management is confident in long‑term category growth and Vita Coco’s positioning, while taking a cautious approach to SG&A and integration costs in the near term.