GlobeNewswire·Apr 29, 2026, 7:00 AM ET

The Vita Coco Company Reports Strong First Quarter 2026 Financial Results and Raises Full Year Guidance

Net sales reached $180 million in Q1 2026, representing a 37% increase year-over-year.
Vita Coco Coconut Water net sales grew 42%, driven by a 32% increase in case equivalent volume.
Net income rose $12 million to $30 million, or $0.50 per diluted share.
Non-GAAP Adjusted EBITDA increased $16 million to $39 million.
Gross margin improved to 40% from 37% in the prior year period due to higher pricing & lower ocean freight rates.
SG&A expenses increased to $38 million from $29 million, attributed to higher personnel & marketing investments.
The company raised its FY 2026 net sales guidance to $720–$735 million & Adjusted EBITDA guidance to $132–$138 million.
Cash & cash equivalents totaled $202 million as of March 31, 2026, with no outstanding debt.
Inventory decreased to $86 million from $111 million at year-end 2025 due to strong shipments.
The company repurchased $12 million of common stock during Q1 2026 & has $21 million remaining under its share repurchase program.
Accounts receivable increased to $121 million from $82 million, reflecting sales growth & collection timing differences.
Global economic uncertainties, geopolitical instability, & tariff fluctuations are noted as potential risks to future performance.