COCO / The Vita Coco Company, Inc. (COCO) Q3 2023 Earnings Call Transcript

This segment originally aired on November 1, 2023. Shares of Vita Coco (COCO) are up more than 170% over the past 12 months. more_horizontal

Profits surged once again and the beverage stock raised its guidance. The company has bucked expectations following its 2021 IPO. more_horizontal

The Vita Coco Company, Inc. (NASDAQ:COCO ) Q3 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Clay Crumbliss - ICR Mike more_horizontal

Vita Coco Company, Inc. (COCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This comp more_horizontal

COCO has achieved a revenue growth rate of 15%, owing to successful marketing and industry tailwinds contributing to rapid market share growth. Demand more_horizontal

Vita Coco shares struggled after a difficult public offering but have seen strong operating momentum and margin expansion, certainly in 2023. Vita Coc more_horizontal

AI is the market's darling of the year, and some experts and participants are focusing on “Big Tech,” like Amazon (NASDAQ: AMZN ) and Apple (NASDA more_horizontal

Are you looking for alluring stocks that are somewhat risky? While low-risk investments such as mutual funds, treasury bonds, and index funds may offe more_horizontal