Vita Coco rises on Q1 revenue beat, share buyback

The Vita Coco

30/04/2025 14:55

** Shares of beverage maker Vita Coco COCO.O rise 7.5% to $33.87

** Co posts Q1 revenue of $131 million, exceeding analysts' average estimate of $125.49 million, according to data compiled by LSEG

** COCO reaffirms annual revenue forecast of between $555 million and $570 million

** Co says its board has authorized an additional $25 million worth of shares to its existing repurchase program

** Including session's moves, COCO stock down 14.5% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))