0001482981FALSE00014829812024-02-282024-02-28

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 8-K
_____________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 28, 2024
_____________________________
The Vita Coco Company, Inc.
(Exact name of registrant as specified in its charter)
_____________________________
Delaware
001-40950
11-3713156
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
250 Park Avenue South
Seventh Floor
New York, New York 10003
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, include area code) (212) 206-0763
N/A
(Former Name or Former Address, if Changed Since Last Report)
_____________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class

Trading
Symbols

Name of each exchange
on which registered
Common Stock, $0.01 par value per share

COCO

The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02    Results of Operations and Financial Condition.
On February 28, 2024, The Vita Coco Company, Inc. (the “Company”) issued a press release announcing financial results for the three months and year ended December 31, 2023 and other matters described in the press release. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.
Item 9.01    Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded with Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE VITA COCO COMPANY, INC.



Date: February 28, 2024
By:
/s/ Corey Baker


Name: Corey Baker


Title: CFO


Exhibit 99.1
image_0a.jpg
The Vita Coco Company Reports Fourth Quarter and Full Year 2023 Financial Results

Full Year Net Sales Increased 15% to $494 million Driven by Vita Coco Coconut Water Growth of 14%
Full Year Net Income of $47 million and Full Year Non-GAAP Adjusted EBITDA1 of $68 million

For Fiscal Year 2024, Expect Net Revenue between $495-$505 million and Adjusted EBITDA2 between $74-$78 million


NEW YORK, NY – February 28, 2024 – The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Fourth Quarter 2023 Highlights Compared to Prior Year
•Net sales grew 15% to $106 million, driven by strong 8% net sales growth and 3% volume growth of Vita Coco Coconut Water.
•Gross profit was $40 million, or 37% of net sales, an increase of $17 million, compared to 24% of net sales, with the improvement driven by lower year-over-year transportation costs, volume growth and higher Vita Coco Coconut Water pricing.
•Net income was $7 million, or $0.11 per diluted share, compared to a net loss of $(3) million, or $(0.05) per diluted share. Net income benefited from strong net sales growth and gross margin improvement resulting primarily from decreased transportation costs, partially offset by increased investments in selling, general and administrative ("SG&A") expenses.
•Non-GAAP Adjusted EBITDA1 was $8 million compared to $4 million, up $4 million due to improvements in gross profit partially offset by increased SG&A spending.

Full Year 2023 Highlights Compared to Prior Year
•Net sales grew 15% to $494 million, driven by strong 14% net sales growth and 11% volume growth of Vita Coco Coconut Water.
•Gross profit was $181 million, or 37% of net sales, compared to $103 million, or 24.2% of net sales, with the increase driven primarily by lower year-over-year transportation costs, volume growth and increased Vita Coco Coconut Water pricing.
•Net income was $47 million, or $0.79 per diluted share, compared to $8 million, or $0.14 per diluted share, with the increase driven by strong net sales growth and gross margin improvement resulting primarily from decreased transportation costs, partially offset by increased investments in SG&A, losses on foreign exchange, and increased tax expense.
•Non-GAAP Adjusted EBITDA1 was $68 million compared to $20 million due to improvements in gross profit partially offset by increased SG&A spending.

Michael Kirban, the Company's Co-Founder and Executive Chairman, stated, "I am very proud of our team and the record performance achieved in 2023. Our focus and investment to expand consumption occasions of coconut water contributed to strong volume performance for the category and for our flagship Vita Coco Coconut Water brand. The organization's ability to drive brand volume growth through strong retail execution and creative marketing programs, while continuing to improve profitability and cash generation at the same time is something that every member of the team should be proud of. As we enter our company's 20th year in business, we are committed to continuing to grow the coconut water category, and I could not be more excited for what is to come."



Martin Roper, the Company’s Chief Executive Officer, said, “We are extremely pleased with this year's results with 15% net sales growth, Net Income of $47 million, and Adjusted EBITDA1 of $68 million, which were all at the high end of our expectations. The coconut water category is healthy and our team continues to deliver strong results across our major markets as we gain branded share and benefit from our private label coconut water supply relationships. We expect our full year 2024 net sales to be between $495 and $505 million, driven by healthy coconut water volume growth, offset by the loss of some of our private label coconut oil business. While the macro environment remains very dynamic, we expect 2024 Adjusted EBITDA2 to be between $74 and $78 million. We remain focused on driving long term growth of the coconut water category and our brands."


Fourth Quarter 2023 Consolidated Results
Net sales increased $14 million, or 15%, to $106 million for the fourth quarter ended December 31, 2023, compared to $92 million for the fourth quarter ended December 31, 2022. The increase in net sales was driven by higher case equivalent ("CE") volumes of coconut water coupled with some benefits from net pricing actions on branded products partially offset by price/mix of private label products.

Improved gross margins and gross profit versus prior year resulted primarily from the reduction of transportation costs coupled with increased branded pricing and higher sales volumes. Gross profit was $40 million for the fourth quarter of 2023, compared to $22 million for the fourth quarter ended December 31, 2022. Gross margin of 37.5% in the fourth quarter of 2023, increased from 24.4% in the same period last year.

SG&A expenses in the fourth quarter of 2023 were $34 million, compared to $27 million in the same prior year period. The increase was largely due to investments in marketing expenses and higher personnel related expenses.

Net income was $7 million, or $0.11 per diluted share, for the fourth quarter of 2023, compared to a net loss of $(3) million, or $(0.05) per diluted share, in the fourth quarter of 2022. Net income benefited from strong gross profit, partially offset by increased SG&A investments.

Non-GAAP Adjusted EBITDA1 for the fourth quarter of 2023 was $8 million, compared to $4 million in the fourth quarter of 2022. The increase in Adjusted EBITDA1 was primarily driven by strong net sales growth and gross margin improvement resulting primarily from decreased transportation costs, increased volume, and improved branded pricing, partially offset by increased investments in SG&A.

Full Year 2023 Consolidated Results
Net sales increased $66 million, or 15%, to $494 million for the year ended December 31, 2023, compared to $428 million for the year ended December 31, 2022. The increase in net sales was driven by higher coconut water CE volumes across both the Americas and International segments, including Vita Coco Coconut Water volume growth of 11%.
Gross profit increased by $77 million, or 75%, to $181 million for the year ended December 31, 2023, from $103 million for the year ended December 31, 2022, driven by volume growth, transportation cost decreases and some benefit from improved Vita Coco Coconut Water pricing. Gross margin was 36.6% for the year ended December 31, 2023, as compared to 24.2% for the year ended December 31, 2022 primarily due to transportation cost decreases.

SG&A expenses increased by $24 million, or 24%, to $124 million for the year ended December 31, 2023, from $100 million for the year ended December 31, 2022. The increase was primarily driven by investments in sales and marketing expenses and a net increase in people costs.
Net income was $47 million, or $0.79 per diluted share for the year ended 2023, compared to $8 million, or $0.14 per diluted share in the prior year. The increase versus prior year was primarily driven by the increase in gross profit from decreased transportation costs and higher volumes, offset by investments in SG&A, partially offset by the less favorable impact of the non-cash mark-to-market gain in fair value on foreign currency hedges and increased tax expenses.
Adjusted EBITDA1 for the year ended 2023 was $68 million, compared to $20 million in 2022. The increase in Adjusted EBITDA1 was primarily driven by strong net sales growth and gross margin improvement resulting primarily from decreased transportation costs, volume growth and higher branded pricing, partially offset by increased investments in SG&A.





Balance Sheet

As of December 31, 2023, the Company had cash and cash equivalents of $133 million, compared to $20 million as of December 31, 2022. There was no debt as of December 31, 2023 and 2022. Inventories as of December 31, 2023 totaled $51 million. On December 31, 2023, there were 56,899,253 shares of common stock outstanding.

On October 30, 2023, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $40 million of the Company's common Stock. As of December 31, 2023, the Company had repurchased 30,000 shares for $773 thousand at an average price of $25.78 per share. As of February 28, 2024, the Company repurchased a total of 421,544 shares for an aggregate value of $10 million at an average share price of $23.72.

Fiscal Year 2024 Full Year Outlook
The Company is providing the following guidance:
•Expect 2024 net sales to be between $495 million and $505 million, with projected Vita Coco Coconut Water and private label coconut water volume growth, being offset by expected decreases in private label coconut oil business and price/mix effects.
•Full year gross margin expected to be between 36% and 38%, with some uncertainty related to transportation cost impacts from recent increases in ocean freight routes.
•SG&A expenses expected to be approximately flat to 2023.
•Forecasting Adjusted EBITDA in the range of $74 million to $78 million2.
Uncertainty and instability of the current operating environment, global economies, and geopolitical landscape could affect this outlook and our future results.
Footnotes:
(1)Adjusted EBITDA represents earnings before interest, taxes, depreciation, and amortization as adjusted for certain items as set forth in the reconciliation table of U.S. GAAP to non-GAAP information and is a measure calculated and presented on the basis of methodologies other than in accordance with GAAP. Please refer to the Non-GAAP Financial Measures herein for further discussion and reconciliation of this measure to GAAP measures.
(2)GAAP Net Income 2024 outlook is not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as well as future charges or reversals outside of the normal course of business.
Conference Call and Webcast Details
The Vita Coco Company will host a conference call and webcast at 8:30 a.m. ET today to discuss these results. To participate in the live earnings call and question and answer session, please register at https://register.vevent.com/register/BIe6dcf1fadce5486fbe3f13b835deeed7 and dial-in information will be provided directly to you. A slide presentation to support the webcast, and the live audio webcast will be accessible in the “Events” section of the Company’s Investor Relations website at https://investors.thevitacococompany.com. An archived replay of the webcast will be available shortly after the live event has concluded.
About The Vita Coco Company
The Vita Coco Company was co-founded in 2004 by our Executive Chairman Michael Kirban and Ira Liran. Pioneers in the functional beverage category, The Vita Coco Company’s brands include the leading coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. With its ability to harness the power of people and plants, while balancing purpose and profit, The Vita Coco Company has created a modern beverage platform built for current and future generations.

The company is incorporated as a Public Benefit Corporation in Delaware and is a Certified B Corporation™.
Contacts



Investor Relations:
ICR, Inc.
investors@thevitacococompany.com
Non-GAAP Financial Measures
In addition to disclosing results determined in accordance with U.S. GAAP, the Company also discloses certain non-GAAP results of operations, including, but not limited to, Adjusted EBITDA, that include certain adjustments or exclude certain charges and gains that are described in the reconciliation table of U.S. GAAP to non-GAAP information provided at the end of this release. These non-GAAP measures are a key metric used by management and our board of directors to assess our financial performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance and because we believe it is useful for investors to see the measures that management uses to evaluate the Company. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparisons of results as the items described below in the reconciliation tables do not reflect ongoing operating performance.
These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces its usefulness as a comparative measure. Investors should not rely on any single financial measure when evaluating our business. This information should be considered as supplemental in nature and is not meant as a substitute for our operating results in accordance with U.S. GAAP. We recommend investors review the U.S. GAAP financial measures included in this earnings release. When viewed in conjunction with our U.S. GAAP results and the accompanying reconciliations, we believe these non-GAAP measures provide greater transparency and a more complete understanding of factors affecting our business than U.S. GAAP measures alone.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding our future financial and operating performance, including our GAAP and non-GAAP guidance, our strategy, projected costs, prospects, expectations, plans, objectives of management, supply chain predictions, customer and supplier relationships, and expected net sales and category share growth.

The forward-looking statements in this release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company’s control. These factors include, but are not limited to, those discussed under the caption “Risk Factors” in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the U.S. Securities and Exchange Commission ("SEC") as such factors may be updated from time to time and which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at https://investors.thevitacococompany.com. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

Website Disclosure

We intend to use our websites, vitacoco.com and investors.thevitacococompany.com, as a means for disclosing material non-public information and for complying with the SEC's Regulation FD and other disclosure obligations.





THE VITA COCO COMPANY, INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share data)
December 31,
2023		December 31,
2022
Assets
Current assets:
Cash and cash equivalents$132,537 $19,629 
Accounts receivable, net of allowance of $2,486 at December 31, 2023, and $2,898 at December 31, 202250,086 43,350 
Inventory50,757 84,115 
Supplier advances, Current1,521 1,534 
Derivative assets3,876 3,606 
Asset held for sale — 503 
Prepaid expenses and other current assets24,160 22,181 
Total current assets
262,937 174,918 
Property and equipment, net2,136 2,076 
Goodwill7,791 7,791 
Supplier advances, long-term2,820 4,360 
Deferred tax assets, net6,749 4,256 
Right-of-use assets, net1,406 2,679 
Other assets1,843 1,677 
Total assets
$285,682 $197,757 
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable$21,826 $15,910 
Accrued expenses59,533 38,342 
Notes payable, current13 23 
Derivative liabilities1,213 71 
Total current liabilities82,585 54,346 
Notes payable, long-term13 25 
Other long-term liabilities647 2,293 
Total liabilities
$83,245 $56,664 
Stockholders’ equity:
Common stock, $0.01 par value; 500,000,000 shares authorized; 63,135,453 and 62,225,250 shares issued at December 31, 2023 and December 31, 2022, respectively; 56,899,253 and 56,019,050 Shares Outstanding at December 31, 2023 and December 31, 2022, respectively.631 622 
Additional paid-in capital161,414 145,210 
Retained earnings 100,742 55,183 
Accumulated other comprehensive loss(649)(994)
Treasury stock, 6,236,200 shares at cost as of December 31, 2023, and 6,206,000 as of December 31, 2022.(59,701)(58,928)
Total stockholders’ equity attributable to The Vita Coco Company, Inc.202,437 141,093 
Total liabilities and stockholders’ equity$285,682 $197,757 


THE VITA COCO COMPANY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except for share and per share data)
Three Months Ended December 31,Twelve Months Ended December 31,
2023202220232022
Net sales$106,144 $91,991 $493,612 $427,787 
Cost of goods sold66,34169,558312,883324,426
Gross profit39,80322,433180,729103,361
Operating expenses
Selling, general and administrative34,38127,288124,236100,306
Total operating expenses34,38127,288124,236100,306
Income from operations5,422 (4,855)56,493 3,055 
Other income (expense)
Unrealized gain/(loss) on derivative instruments886190(872)6,606 
Foreign currency gain/(loss)1791,895(251)1,387 
Interest income1,476212,581 51 
Interest expense—(45)(31)(258)
Total other income (expense)2,5412,0611,427 7,786 
Income before income taxes7,963(2,794)57,920 10,841 
Income tax expense(1,190)(16)(11,291)(3,027)
Net income$6,773 $(2,810)$46,629 $7,814 
Net income per common share
     Basic$0.12$(0.05)$0.83$0.14
     Diluted$0.11$(0.05)$0.79$0.14
Weighted-average number of common shares outstanding
     Basic56,836,48855,951,23756,427,89055,732,619
     Diluted59,502,72956,405,03558,747,33856,123,661


THE VITA COCO COMPANY, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Twelve Months ended December 31,
20232022
Cash flows from operating activities:
Net income
$46,629 $7,814 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
660 1,901 
(Gain)/loss on disposal of equipment
19 1 
Bad debt expense
260 2,641 
Unrealized (gain)/loss on derivative instruments
872 (6,606)
Stock-based compensation
9,128 7,384 
Impairment loss on assets held for sale363 619 
Impairment of intangible assets
— 6,714 
Deferred tax expense
(2,382)(3,081)
Noncash lease expense1,288 1,058 
Changes in operating assets and liabilities:
Accounts receivable
(7,088)321 
Inventory
33,688 (9,333)
Prepaid expenses, net supplier advances, and other assets(622)(3,592)
Accounts payable, accrued expenses, and other liabilities
24,340 (16,776)
Net cash provided by (used in) operating activities
107,155 (10,935)
Cash flows from investing activities:
Cash paid for property and equipment
(599)(982)
Proceeds from sale of property and equipment
5 — 
Net cash used in investing activities
(594)(982)
Cash flows from financing activities:
Proceeds from exercise of stock awards
7,086 3,062 
Borrowings on credit facility
— 22,000 
Repayments of borrowings on credit facility
— (22,000)
Cash received (paid) on notes payable
(23)(28)
Cash paid to acquire treasury stock
(773)— 
Net cash used in financing activities
6,290 3,034 
Effects of exchange rate changes on cash and cash equivalents
387 (178)
Net (decrease) increase in cash and cash equivalents
113,238 (9,061)
Cash and cash equivalents at beginning of the period
19,629 28,690 
Cash, cash equivalents, and restricted cash at end of the period 1
$132,867 $19,629 
1 Includes $330 and $0 of restricted cash as of December 31, 2023 and 2022, respectively, that were included in other current assets.


RECONCILIATION FROM GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDA
Three Months Ended December 31,
Year Ended December 31,
2023202220232022
(in thousands)
(in thousands)
Net income$6,773 $(2,810)$46,629 $7,814 
Depreciation and amortization157 460 660 1,901 
Interest income(1,476)(21)(2,581)(51)
Interest expense— 45 31 258 
Income tax expense1,190 16 11,291 3,027 
EBITDA6,644 (2,310)56,030 12,949 
Stock-based compensation (a)2,002 1,727 9,128 7,384 
Unrealized (gain)/loss on derivative instruments (b)(886)(190)872 (6,606)
Foreign currency (gain)/loss (b)(179)(1,895)251 (1,387)
Secondary Offering Costs (c)669 — 1,525 — 
Impairment of intangible assets (d)— 6,714 — 6,714 
Other adjustments (e)34 — 363 1,240 
Adjusted EBITDA$8,284 $4,046 $68,169 $20,294 
(a)Non-cash charges related to stock-based compensation, which vary from period to period depending on volume and vesting timing of awards and forfeitures. We adjusted for these charges to facilitate comparison from period to period.
(b)Unrealized gains or losses on derivative instruments and foreign currency gains or losses are not considered in our evaluation of our ongoing performance.
(c)Reflects other non-recurring expenses related to costs associated with two secondary offerings in which Verlinvest Beverages SA sold shares of the Company. The shares were sold in an underwritten public offering, which closed on May 26, 2023 and a block trade that was executed on November 9, 2023. The Company did not receive any proceeds from the sale of the shares.
(d)Non-cash intangible asset impairment charge related to the Runa trademarks and distributor relationships.
(e)Reflects other charges primarily related to the impairment loss related to assets held for sale in both periods and other non-recurring expenses.


SUPPLEMENTAL INFORMATION
NET SALES
Three Months Ended
December 31,
Year Ended
December 31,
(in thousands)
2023202220232022
Americas segment
Vita Coco Coconut Water
$63,396 $58,030 $317,221$275,964
Private Label
25,80019,760103,16688,173
Other
2,3681,9329,8589,485
Subtotal
$91,564$79,722$430,245$373,622
International segment
Vita Coco Coconut Water
$8,201$8,460$41,829$38,570
Private Label
5,5733,33418,71312,855
Other
8064752,8252,740
Subtotal
$14,580$12,268$63,367$54,165
Total net sales
$106,144$91,990$493,612$427,787


COST OF GOODS SOLD & GROSS PROFIT

Three Months Ended
December 31,
Year Ended
December 31,
(in thousands)
2023202220232022
Cost of goods sold
Americas segment
$53,769$57,515$267,983$278,130
International segment
12,57212,04244,90046,296
Total cost of goods sold
$66,341$69,557$312,883$324,426
Gross profit
Americas segment
$37,796$22,207$162,262$95,492
International segment
2,00722618,4677,869
Total gross profit
$39,803$22,433$180,729$103,361
Gross margin
Americas segment
41.3 %27.9 %37.7 %25.6 %
International segment
13.8 %1.8 %29.1 %14.5 %
Consolidated
37.5 %24.4 %36.6 %24.2 %



VOLUME (CE)
Three Months Ended
December 31,
Year Ended
December 31,
(in thousands)2023202220232022
Americas segment
Vita Coco Coconut Water6,510 6,189 33,02129,458
Private Label2,8441,85011,2989,063
Other2091569231,248
Subtotal9,5638,19545,24239,769
International segment*
Vita Coco Coconut Water1,118 1,216 5,7835,628
Private Label7154572,4811,783
Other1676246
Subtotal1,8491,6808,3267,457
Total volume (CE)11,412 9,875 53,568 47,226 
Note: A CE is a standard volume measure used by management which is defined as a case of 12 bottles of 330ml liquid beverages or the same liter volume of oil.
*International Other excludes minor volume that is treated as zero CE

v3.24.0.1
Cover
Feb. 28, 2024
Cover [Abstract]  
Document Type 8-K
Entity Registrant Name The Vita Coco Company, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-40950
Entity Tax Identification Number 11-3713156
Entity Address, Address Line One 250 Park Avenue South
Entity Address, Address Line Two Seventh Floor
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10003
City Area Code 212
Local Phone Number 206-0763
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value per share
Trading Symbol COCO
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001482981
Amendment Flag false
Document Period End Date Feb. 28, 2024
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