Vita Coco (COCO) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 9:42 AM CDT 49 min read

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DATE

Wednesday, April 29, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Executive Chairman — Michael Kirban

• Chief Executive Officer — Martin Roper

• Chief Financial Officer — Corey Baker

Full Conference Call Transcript

Mike Kirban, Executive Chairman; Martin Roper, Chief Executive Officer; and Corey Baker, Chief Financial Officer. By now, everyone should person entree to the company's archetypal 4th net merchandise issued earlier today. This accusation is disposable connected the Investor Relations conception of the Vita Coco Company's website astatine investors.thevitacococompany.com. Also connected the website, determination is an accompanying presumption of our commercialized and fiscal results. Certain comments made connected this telephone see forward-looking statements, which are taxable to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are based connected management's existent expectations and beliefs Concerning aboriginal events and are taxable to respective risks and uncertainties that could origin existent results to disagree materially from those described successful these forward-looking statements. Please notation to today's property merchandise and different filings with the SEC for a much elaborate treatment of the hazard factors that could origin existent results to disagree materially from those expressed oregon implied successful immoderate forward-looking statements made today. Also, during the call, we volition usage immoderate non-GAAP fiscal measures arsenic we picture our concern performance.

Our SEC filings arsenic good arsenic the net property merchandise and supplementary net presumption supply reconciliations of the non-GAAP fiscal measures to the astir straight comparable GAAP measures and are disposable connected our website arsenic well. And with that, it is my pleasance to present crook the telephone implicit to Mike Kirban, our Co-Founder and Executive Chairman.

Michael Kirban: Thanks, John, and bully morning, everyone. Thank you for joining america contiguous to sermon our archetypal 4th fiscal results and our expectations for our afloat twelvemonth 2026 performance. I privation to commencement by thanking each of our colleagues crossed the globe for our beardown operational and fiscal commencement to the twelvemonth portion besides staying committed to -- the Vita Coco Company and advancing our ngo of creating ethical, sustainable, better-for-you beverages that uplift our communities and bash close by our planet. I'm thrilled with our momentum and by the acceleration we person seen successful the quarter.

Our beardown inventory presumption and speedy absorption to higher request person enabled america to present precise beardown archetypal 4th results successful planetary nett sales, gross profit, nett income and adjusted EBITDA. Coconut Water remains 1 of the fastest-growing categories successful the beverage aisle according to our retail information for the archetypal 4th 2026. Growing 31% successful the U.S. and 63% successful our measured European markets year-over-year. For the quarter, Vita Coco Coconut Water, excluding our coconut milk-based products similar treats, grew 40% successful retail dollars successful the U.S.