Vita Coco Q4 Profit Down, Misses Estimates; Sees Growth In FY25; Stock Down In Pre-market - Update

(RTTNews) - Vita Coco Company, Inc. (COCO), while reporting weak fourth-quarter earnings, below market estimates, on Wednesday issued fiscal 2025 outlook, expecting growth in adjusted EBITDA and sales.

In pre-market activity on the Nasdaq, Vita Coco shares were losing around 8.3 percent to trade at $34.98.

For fiscal 2025, the owner of coconut water brand Vita Coco projects adjusted EBITDA between $86 million and $92 million, and net sales between $555 million and $570 million.

In fiscal 2024, adjusted EBITDA was $84 million on net sales of $516 million.

The Wall Street analysts, on average, estimate revenues of $569.11 million for fiscal 2025.

The outlook reflects projected Vita Coco Coconut Water growth of mid-teens and the planned benefit of Vita Coco Treats rollout, and branded price increases, partially offset by increased promotional activity and softness in private label.

In its fourth quarter, Vita Coco's net earnings totaled $3.37 million or $0.06 per share, down from $6.77 million or $0.11 per share last year.

The company's revenue for the period rose 19.9 percent to $127.29 million from $106.14 million last year.

The Street was looking for earnings of $0.08 per share on net sales of $120.91 million for the quarter.

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