Vita Coco Stock Soars on Earnings Beat, Raised Outlook, and Copra Acquisition

Shares of The Vita Coco Company (NASDAQ: COCO) jumped 8.8% in pre-market trading on Tuesday after the beverage maker announced second-quarter financial results that surpassed expectations, raised its full-year guidance, and confirmed the acquisition of premium coconut water producer Copra, Inc.

Blockbuster Earnings and Outlook

For the second quarter, Vita Coco reported net sales of $216 million, a 28% increase year-over-year that topped analyst forecasts. The company's profitability metrics showed significant strength, with net income rising to $49 million and adjusted EBITDA reaching $67 million, well ahead of the consensus estimate of approximately $45 million.

A key highlight was the dramatic expansion of the company's gross margin to 49%, up from 36% in the same period a year ago. Citing strong business momentum, Vita Coco raised its full-year 2026 guidance, now projecting net sales between $790 million and $805 million and adjusted EBITDA in the range of $154 million to $161 million.

Strategic Acquisition of Copra

Ad

Alongside its earnings release, Vita Coco announced the closing of its acquisition of Copra, Inc., a producer of super-premium Thai Nam Hom coconut water. The deal structure includes an upfront payment of $175 million, funded with 80% cash and 20% Vita Coco stock, plus potential earnout payments of up to $100 million based on 2028 performance.

Copra has demonstrated rapid growth, with a 48% compound annual growth rate in net sales over the past three years and projected 2026 net sales exceeding $100 million. The acquisition is expected to be accretive to Vita Coco’s adjusted EBITDA margins once fully integrated, expanding its presence in the premium segment of the market.

Market Reaction

The stock's sharp upward move to $81 per share came in stark contrast to the broader market, with major indices like the S&P 500 and Nasdaq trading lower. The rally pushed Vita Coco's shares toward their 52-week high of $85.83, as investors reacted positively to the combination of strong operational performance, a confident outlook, and a strategically sound acquisition.