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Vita Coco Expects FY24 Net Sales of $495M-$505M Vs $503.27M Est

Author: Benzinga Newsdesk | February 28, 2024 08:38am

Fiscal Year 2024 Full Year Outlook

The Company is providing the following guidance:

Expect 2024 net sales to be between $495 million and $505 million, with projected Vita Coco Coconut Water and private label coconut water volume growth, being offset by expected decreases in private label coconut oil business and price/mix effects.
Full year gross margin expected to be between 36% and 38%, with some uncertainty related to transportation cost impacts from recent increases in ocean freight routes.
SG&A expenses expected to be approximately flat to 2023.
Forecasting Adjusted EBITDA in the range of $74 million to $78 million

Posted In: COCO