Brief: The Vita Coco Company Reports Fourth Quarter And 2022 Financial Results

The Vita Coco

08/03/2023 12:37

March 8 (Reuters) - Vita Coco Company Inc  COCO.O :
    * THE VITA COCO COMPANY REPORTS FOURTH QUARTER AND FULL YEAR
2022
FINANCIAL RESULTS
    * Q4 2022 NET SALES GREW 6% TO $92 MILLION
    * Q4 2022 NET LOSS ATTRIBUTABLE TO SHAREHOLDERS WAS $3
MILLION, OR
$0.05 PER DILUTED SHARE
    * EXPECT FY 2023 NET SALES GROWTH OF APPROXIMATELY OF 9-11%
COMPARED TO FISCAL YEAR 2022
    * FULL YEAR 2023 GROSS MARGIN EXPECTED TO BE BETWEEN 32% AND
34%,
WITH Q1 EXPECTED TO APPROACH 30%
    * FORECASTING FY 2023 ADJUSTED EBITDA IN RANGE OF $52
MILLION TO
$58 MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $90.9
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4hPyR2 
Further company coverage:  COCO.O 

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