The Vita Coco Company, Inc. Announces Earnings Guidance for the Fiscal Year 2021
November 12, 2021 at 02:35 am IST
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The Vita Coco Company, Inc. announced earnings guidance for the Fiscal Year 2021. For the period, the company expects net sales percentage growth for fiscal year 2021 of 19-21% compared to fiscal year 2020.
The Vita Coco Company, Inc. offers a platform for brands in the functional beverage category. The Companyâs brands include the coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. Its branded portfolio is led by its Vita Coco brand, which is engaged in the coconut water category in the United States, and also includes coconut oil, juice, and milk offerings. It supplies private label products to retailers in both the coconut water and coconut oil categories. Additionally, the Company is also engaged in bulk product sales to beverage and food companies. Its Americas segment comprised of its operations primarily in the United States and Canada and the International segment comprised of operations primarily in Europe, the Middle East, Africa, and the Asia Pacific regions. The Companyâs products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and foodservice channels.