Coconut water maker raises sales outlook and beats expectations

  • Vita Coco shares rise 13% on boosted sales outlook
  • Company raises full-year sales outlook on strength in private-label business
  • Third-quarter profit doubles from a year earlier, beating analysts’ expectations
  • Sales rose 11% to $138.1 million
  • Vita Coco targets full-year sales growth of 13% to 15%, up from 10% to 12%
  • Company expects to keep most of the business from a key customer’s private-label business

Shares of Vita Coco rose more than 13% after the coconut water maker raised its full-year sales outlook on the strength of its private-label business. The company reported a third-quarter profit of 26 cents a share, double the previous year and above analysts’ expectations. Sales rose 11% to $138.1 million. Vita Coco now targets full-year sales growth of 13% to 15%, up from 10% to 12%. The company also expects to retain most of the business from a key customer’s private-label business that it previously anticipated losing.

Factuality Level: 8
Factuality Justification: The article provides specific information about Vita Coco’s raised sales outlook, third-quarter profit, and sales growth. It also includes information about analysts’ expectations and the company’s target for full-year sales growth. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. It does not include any bias or personal perspective presented as universally accepted truth. Overall, the article provides accurate and objective information about Vita Coco’s performance and outlook.
Noise Level: 7
Noise Justification: The article provides some relevant information about Vita Coco’s sales outlook and financial performance. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It also does not provide any actionable insights or solutions. The article stays on topic and supports its claims with some data and examples, but overall, it contains a fair amount of noise and filler content.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Vita Coco
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Vita Coco, a coconut water maker. It provides information about the company’s raised full-year sales outlook and its third-quarter profit. There is no mention of an extreme event.
Public Companies: Vita Coco (N/A)
Key People:

Reported publicly: www.marketwatch.com