Vita Coco reported second-quarter 2026 results with net sales of $216.2 million, up 28% year-over-year, and net income of $49.5 million ($0.82 diluted). Adjusted EBITDA was $67.2 million for the quarter, reflecting substantial non-GAAP profit expansion versus the prior-year period. The company raised full-year 2026 guidance for net sales to $790–$805 million and adjusted EBITDA to $154–$161 million.

Financial Highlights

  • Net sales: $216,153 thousand for the three months ended June 30, 2026 (28% increase vs. prior year).
  • Gross profit: $105,311 thousand for the quarter; consolidated gross margin 48.7% (compared to 36.3% prior year).
  • Operating income (Income from operations): $63,139 thousand for the quarter.
  • Net income: $49,451 thousand for the quarter; diluted net income per share $0.82.
  • Non-GAAP Adjusted EBITDA: $67,232 thousand for the quarter.

Business Highlights

  • Vita Coco Coconut Water drove category growth with net sales up 21% in the quarter and 29% year-to-date, supported by increased household penetration and consumption.
  • Private label shipments showed strong expansion, with case-equivalent volume gains of 78% in the quarter, driven by new and regained business and distribution gains.
  • Tariff refunds materially improved gross margin, contributing a reported ~700 basis point benefit in the quarter and ~300 basis points year-to-date.
  • Balance sheet and capital actions: ended June 30 with no debt and approximately $279 million in cash and cash equivalents; repurchased ~$44 million of common stock year-to-date with an increased repurchase authorization to $105 million.
  • Acquisition: announced acquisition of Copra, a premium Thai Nam Hom coconut water producer, effective July 22, 2026, included in updated full-year outlook.

Original SEC Filing:

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