Loading...
•
Dec 31, 2022
Vita Coco Q4 2022 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2022.
Key Takeaways
The Vita Coco Company reported a 6% increase in net sales for Q4 2022, reaching $92 million. Gross profit remained flat at $22 million. The company experienced a net loss of $(3) million, or $(0.05) per diluted share, and a Non-GAAP Adjusted EBITDA of $4 million.
Net sales grew 6% to $92 million, driven by Vita Coco Coconut Water growth of 4%.
Gross profit was flat at $22 million, with a gross margin of 24%.
Net loss attributable to shareholders was $(3) million, or $(0.05) per diluted share.
Non-GAAP Adjusted EBITDA was $4 million.
Forward Guidance
The Company anticipates net sales growth of approximately 9-11% compared to fiscal year 2022, with Vita Coco Coconut Water expected to grow mid-teens and Private Label net sales approximately flat. They are forecasting Adjusted EBITDA in the range of $52 million to $58 million.
Positive Outlook
- Expect net sales growth of approximately of 9-11% compared to fiscal year 2022
- Vita Coco Coconut Water expected to grow mid-teens
- Private Label net sales approximately flat.
- Full year gross margin expected to be between 32% and 34%
- Forecasting Adjusted EBITDA in the range of $52 million to $58 million
Challenges Ahead
- Uncertainty and instability of the current operating environment
- Global economies
- Geopolitical landscape could affect this outlook
- Higher full year SG&A expenses to support long term growth initiatives
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...