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COCO is a coconut water company, offering coconut water, sparkling water, coconut milk, and oil products. It operates two primary segments: Americas (U.S. and Canada) and International (Europe, Asia, and the Middle East). The company’s brands include Vita Coco, Runa, and Ever & Ever. COCO has enjoyed healthy growth in the International segment and has also produced offshoots of its products, including alcoholic varieties.
Due to report its fiscal 2024 fourth quarter results next week, COCO’s last report showed strong overseas sales gains, particularly in the U.K. and Germany, where sales have grown over 50% over the last year. The Vita Coco brand alone grew 8% in the U.S. and 19% in the U.K. Vita Coco Juice gained 39%, and the introduction of a Vita Coco coconut one-liter pack was well received by a key convenience store chain. Guidance also pointed upward for the fourth quarter, with growth driven by inventory recovery and improved retail product availability.
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