COCO reports Q2 revenue of $216M, up 27.8% year over year, driven by strong coconut water category demand.
Vita Coco (COCO) shares rose after reporting second-quarter revenue of $216M, a 27.8% increase year over year. The growth was attributed to robust demand in the coconut water category, which remains one of the fastest-growing segments in beverages.
The company’s performance exceeded expectations, with prior-year Q2 revenue serving as a lower baseline. Analysts had anticipated steady growth, but the 27.8% surge highlighted stronger-than-expected consumer interest in healthier beverage options.
Early market reaction saw COCO shares rally, reflecting investor confidence in the company’s strategic acquisition and category leadership.