Vita Coco Q3业绩超预期并上调全年指引，盘前股价不涨反跌约4%（同一财报47分钟前已决策不做）

Vita Coco ( COCO ) topped estimates with revenue growth of 34% in Q3 to $244M. Organic sales rose 18% during the quarter, showing the strength of the coconut water category. Coconut water sales grew 15% in the quarter, while private label net sales jumped 152%, with the third quarter benefiting from the contribution of Copra, a leading producer of super premium Thai Nam Hom coconut water that was acquired in July. CEO Michael Kirban said results in Europe were strong as well. Gross margin was 38% in Q3, in line with the prior year period, benefitting from minimal tariffs compared to the prior year period, offset by higher domestic logistics costs and the dilutive impact of Copra. Adjusted EBITDA improved to $159M for the quarter from $84M a year ago. GAAP EPS of $0.58 was ahead of the consensus estimate of $0.46 and the $0.40 mark from a year ago. Vita Coco ( COCO ) ended the quarter with no debt and $152M in cash and cash equivalents. As of September 30, the company had repurchased approximately $86M of its common stock under its share repurchase program and had $19M remaining under the existing authorization. Looking ahead, Vita Coco ( COCO ) expects full-year sales to be between $810M and $820M, driven by low 20s percent growth of Vita Coco Coconut Water, strong private label trends, and the addition of Copra. That range is a lift from prior guidance for between $790M and $805M, which included the benefit of Copra. The revenue guidance is well ahead of the consensus estimate of $803M. Shares of Vita Coco ( COCO ) fell 1.6% in early investor reaction to the print. Short interest on COCO stands at 12.5% of the total float.