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

About this update from The Vita Coco Company, Inc.

Net Sales were $180 million, up 37%, driven by Vita Coco Coconut Water growth of 42% Net Income Increased $12 million to $30 million and Non-GAAP Adjusted EBITDA1 Increased $16 million to $39 million Fiscal Year 2026 Guidance for Net Sales between $720 million and $735 million and Adjusted EBITDA2 between $132 million and $138 million NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Compared to Prior Year Period Michael Kirban, the Company's Co-Founder and Executive Chairman, stated, "I am very proud of our team and our exceptional start to 2026. The coconut water category continues to be one of the fastest growing beverage categories in both the United States and our core international markets, which we believe is due to consumers choosing coconut water for more of their hydration needs. I believe this growth is being largely driven by our investments as the category leader, resulting in increased household penetration and new consumption occasions for coconut water and for the Vita Coco brand. The global momentum in our category and our brand has me very excited for our long-term potential." Martin Roper, the Company’s Chief Executive Officer, said, “Our healthy first quarter shipment performance was driven by very strong branded retail growth in all our major markets, reflective of solid underlying consumer demand and favorable promotional timing differences. Our improved pricing produced healthy gross margin and very strong adjusted EBITDA. Our increased full year guidance is based on expected continued brand strength in our major markets, with improving private label shipment trends. We expect significant adjusted EBITDA growth in 2026 due to our expected volume growth and gross margin improvement." First Quarter 2026 Consolidated Results Net sales increased $49 million, or 37%, to $180 million compared to $131 million in the prior year period. The increase in net sales was driven by case equivalent ("CE") volume gains of 32% for Vita Coco Coconut Water and 27% for Private Label as well as improved net pricing. Gross profit increased to $72 million, from $48...

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