The Vita Coco Company reported second-quarter revenue of $216.2 million, beating analyst estimates of $209.9 million and growing 28.1% year on year. GAAP earnings per share came in at $0.82, 47.3% above the consensus estimate of $0.56, while adjusted EBITDA of $67.23 million exceeded expectations by 49.1%. The company raised its full-year revenue guidance to $797.5 million at the midpoint, up from $727.5 million and 8% above analyst forecasts, and set EBITDA guidance at $157.5 million, above the $140.8 million consensus. Operating margin expanded to 29.2% from 14.9% a year ago, and free cash flow margin reached 37.4%, up from 12.4% in the same quarter last year.
Vita Coco Company IncBeat Q2 sales and EPS estimates, raised full-year revenue and EBITDA guidance, with expanding margins and free cash flow.