Vita Coco Q1 Sales Climb 37% to $180M; EPS $0.50 Beats
Vita Coco reported Q1 net sales of $180 million, a 37% year-over-year increase, while EPS of $0.50 beat estimates of $0.34 after rising from $0.31 a year ago. Piper Sandler maintained an Overweight rating and raised its price target to $70, sending the stock to a 52-week high.
1. Q1 Financial Performance
Vita Coco delivered net sales of $180 million in Q1 2026, up 37% year-over-year, driven by robust demand for its core coconut water products. Earnings per share reached $0.50, surpassing consensus estimates of $0.34 and rising from $0.31 in the prior-year quarter.
2. Analyst Rating and Price Target
Piper Sandler retained an Overweight rating on the company and increased its price target from $59 to $70, reflecting confidence in sustained revenue growth and profitability improvements.
3. Updated Full-Year Guidance
Following the strong quarterly results, Vita Coco raised its full-year net sales outlook to a range of $720 million to $735 million, up from its previous guidance, indicating an accelerated growth trajectory.
4. Stock Market Reaction
Shares of Vita Coco climbed 27.46% to $66.59, marking a new 52-week high as investors reacted positively to the earnings beat, analyst upgrade and raised guidance.