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The Vita Coco Expects 2024 Net Sales To Be Between $500M-$510M Vs. $509.64M Estimate

Author: Benzinga Newsdesk | July 31, 2024 07:33am

The Company is reaffirming its full year guidance:

Expect 2024 net sales to be between $500 million and $510 million, with projected Vita Coco Coconut Water and private label coconut water volume growth, being offset by expected decreases in private label coconut oil business and price/mix effects.
Full year gross margin expected to be between 37% and 39%, with recent increases on certain ocean freight routes expected to adversely affect gross margins in the second half. This impact is expected to be most severe in the fourth quarter.
SG&A expenses expected to be approximately flat to up slightly versus 2023.
Forecasting Adjusted EBITDA in the range of $76 million to $82 million

Posted In: COCO