Earnings Call Summary | Vita Coco(COCO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Vita Coco(COCO.US) Q1 2024 Earnings Conference
The following is a summary of the The Vita Coco Company, Inc. (COCO) Q1 2024 Earnings Call Transcript:
以下是維塔可可公司（COCO）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Vita Coco's Q1 2024 net sales grew by 2% to $112 million, driven by their coconut water and private label coconut water products' growth.
Gross margins improved significantly to 42% primarily due to branded pricing, changes in the private label product mix, and lower global transportation costs.
The quarter resulted in a net income of $14 million, a notable increase from Q1 2023's $7 million net income.
Adjusted EBITDA for Q1 2024 was $21 million compared to $9 million in 2023.
As of Q1 2024, the company had total cash on hand of $123 million and no debt.
維塔可可2024年第一季度的淨銷售額增長了2％，達到1.12億美元，這得益於其椰子水和自有品牌椰子水產品的增長。
毛利率顯著提高至42％，這主要是由於品牌定價、自有品牌產品組合的變化以及全球運輸成本的降低。
該季度的淨收入爲1400萬美元，較2023年第一季度的700萬美元淨收入顯著增加。
2024年第一季度調整後的息稅折舊攤銷前利潤爲2100萬美元，而2023年爲900萬美元。
截至2024年第一季度，該公司的手頭現金總額爲1.23億美元，沒有債務。
Business Progress:
業務進展：
Despite a volume decline in Vita Coco coconut water, the impact was offset by a positive net price mix.
The company expanded its international business by 20% and made great strides in the European market, particularly in the UK.
The launch of promising new products like PWR LIFT and Vita Coco Treats are expected to boost long-term growth.
Vita Coco has expanded its supply from the Philippines and is looking at partnerships in other regions.
The firm sees potential for Europe to mature into a market as large as North America in the future.
The company anticipates FY 2024 net sales will range between $500 and $510 million, with gross margins of 37%-39% and an adjusted EBITDA of $76 million to $82 million.
Vita Coco continues to focus on ethical, sustainable, and health-conscious beverage production.
儘管維塔可可椰子水的銷量有所下降，但這種影響被積極的淨價格組合所抵消。
該公司將其國際業務擴展了20％，並在歐洲市場，尤其是英國市場取得了長足的進步。
PWR LIFT和Vita Coco Treats等前景光明的新產品的推出預計將促進長期增長。
Vita Coco已擴大了從菲律賓的供應，並正在考慮在其他地區建立合作伙伴關係。
該公司認爲，未來歐洲有可能發展成爲像北美一樣大的市場。
該公司預計，2024財年的淨銷售額將在5億美元至5.1億美元之間，毛利率爲37％-39％，調整後的息稅折舊攤銷前利潤爲7,600萬美元至8200萬美元。
Vita Coco 繼續專注於合乎道德、可持續和注重健康的飲料生產。
More details: Vita Coco IR
更多詳情： 維塔可可 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。