Texas Roadhouse earnings missed by $0.05, revenue topped estimates
NEW YORK - Vita Coco Company (NASDAQ:COCO) reported better-than-expected fourth quarter results but saw its shares plunge 10.8% after providing full-year 2025 guidance that fell short of analyst expectations at the midpoint.
The beverage company posted Q4 adjusted earnings per share of $0.11, surpassing the analyst estimate of $0.07. Revenue for the quarter came in at $127 million, exceeding the consensus estimate of $120.41 million and representing a 20% YoY increase.
For the full year 2024, Vita Coco’s net sales grew 5% to $516 million, with Vita Coco Coconut Water sales rising 10%. Net income increased by $9 million to $56 million.
However, investors focused on the company’s 2025 outlook. Vita Coco forecasts full-year 2025 revenue between $555 million and $570 million, with the midpoint of $562.5 million falling below the analyst consensus of $569.4 million.
The company expects Vita Coco Coconut Water to see mid-teens growth in 2025, partially offset by softness in private label sales. Gross margin is projected to be between 35% and 37%, down from 39% in 2024.
"With more normal inventory levels, a category that is accelerating, and the national launch of Vita Coco Treats, I am very excited for what is to come in 2025," said Michael Kirban, the company’s Co-Founder and Executive Chairman.
Vita Coco ended 2024 with $165 million in cash and no debt.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.