Vita Coco Q3 Profit Rises to $35.02M as Revenue Climbs 33.7% on Strong Demand

The Vita Coco Company, Inc. (COCO) reported third-quarter net income of $35.02 million, or $0.58 per share, up from $24.00 million, or $0.40 per share, a year earlier. Revenue for the period rose 33.7% to $243.83 million from $182.31 million last year, according to GAAP figures released by the company. The company issued full-year revenue guidance of $810 million to $820 million.