The Vita Coco Company, Inc. (NASDAQ: COCO) saw its stock price plummet by 7.99% in the pre-market trading session on Wednesday. The decline came after the company reported mixed fourth-quarter earnings results.
Vita Coco reported earnings per share (EPS) of $0.06 for the fourth quarter, missing the analyst consensus estimate of $0.08 by 25%. This marks a significant decrease of 45.45% compared to the EPS of $0.11 reported in the same period last year. However, the company reported quarterly sales of $127.29 million, beating the analyst consensus estimate of $120.91 million by 5.28% and representing a 19.92% year-over-year increase.
Looking ahead, Vita Coco provided guidance for the 2025 fiscal year, expecting net sales to range between $555 million and $570 million. Analysts polled by FactSet had previously forecast $569.1 million in revenue for the company.