(Repeats to attach to corrected alerts)

Overview

* Vita Coco ( COCO ) Q2 net sales rise 17% to $169 mln, beating

estimates

* Adjusted EBITDA for Q2 beats analyst expectations, despite

higher SG&A expenses

* Company raises full-year net sales guidance

Outlook

* Company raises full-year net sales guidance to $565

mln-$580 mln

* Vita Coco Coconut Water growth expected in high teens for

full

year

* Company anticipates full-year gross margin of

approximately 36%

* Adjusted EBITDA forecasted between $86 mln and $92 mln for

full

year

Result Drivers

* COCONUT WATER GROWTH - Vita Coco Coconut Water sales

increased

25% globally, with 22% growth in the Americas and 43%

internationally, driving overall net sales growth

* GROSS MARGIN DECLINE - Gross margin fell to 36% from 41%

due to

higher ocean freight rates, finished goods costs, and import

tariffs, despite favorable product mix and pricing

* SG&A EXPENSES - Higher SG&A expenses, driven by increased

marketing investment and personnel costs, impacted adjusted

EBITDA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $169 mln $161 mln

(8

Analysts

)

Q2 EPS $0.38

Q2 Net $23 mln

Income

Q2 Beat $29 mln $28.50

Adjusted mln (7

EBITDA Analysts

)

Q2 Gross 36.0%

Margin

Q2 Gross $61 mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy"

and

the breakdown of recommendations is 5 "strong buy" or "buy", 5

"hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-alcoholic

beverages peer group is "buy"

* Wall Street's median 12-month price target for Vita Coco

Company

Inc ( COCO ) is $40.00, about 8.1% above its July 29 closing price of

$36.77

* The stock recently traded at 30 times the next 12-month

earnings

vs. a P/E of 27 three months ago

Press Release:

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)