The Vita Coco Company Reports Third Quarter 2026 Financial Results and Raises Full Year Guidance
Globe Newswire•22/10/2026•07:00 ET
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Key Highlights
- ➤Q3 net sales reached $244 million, up 34% year over year
- ➤Q3 net income increased $11 million to $35 million
- ➤Q3 Non-GAAP Adjusted EBITDA increased $21 million to $53 million
- ➤Fiscal 2026 net sales guidance raised to between $810 million and $820 million
- ➤Fiscal 2026 Adjusted EBITDA guidance raised to between $170 million and $175 million
Expert Statements
Michael Kirban, Co-Founder and Executive Chairman of The Vita Coco Company
“The growth of the coconut water category maintained through the fall, and remains one of the fastest growing beverage categories in our major markets. I am particularly pleased by the strong growth in Europe as we develop the category in key markets, and the continued growth in America, driven by increases in both household penetration and in average consumption per household. This quarter, we were pleased to welcome the Copra team to our family and to start executing our joint plans, which we believe will allow us to compete successfully in the super premium segment. With the investments we are making in our supply chain, and our strong brand performance, I am confident in our plans to maintain our growth into 2027, and our category leadership well into the future.”
Martin Roper, Chief Executive Officer of The Vita Coco Company
“Our strong third quarter net sales growth was driven by robust branded retail growth in all our major markets, and by strong growth in private label shipments, reflecting healthy category growth and the addition of Copra's super premium products. Excluding the impact of Copra, the underlying 18% organic net sales growth of our business remained very strong, exceeding our expectations. Consumer demand is very healthy, and we are therefore raising our full year Net Sales and Adjusted EBITDA guidance.”
Net Sales Increased 34%, Driven by Vita Coco Coconut Water Growth of 15%; Organic Net Sales Growth(1) of 18%
Net Income Increased $11 million to $35 million and Non-GAAP Adjusted EBITDA² Increased $21 million to $53 million
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