Vita Coco Expects FY23 Net Sales Growth Of Approximately 10-12% (Prior 9-12%), Gross Margin 35%-37% (Prior 32%-34%)
Portfolio Pulse from Benzinga Newsdesk
Vita Coco has revised its FY23 net sales growth forecast to approximately 10-12%, up from the previous 9-12%. The company also expects its gross margin to be between 35% and 37%, an increase from the prior 32%-34%.
August 04, 2023 | 10:59 am
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POSITIVE IMPACT
Vita Coco's revised FY23 net sales growth and gross margin forecasts are likely to have a positive impact on its stock.
Vita Coco's revised forecasts indicate that the company expects to perform better than previously anticipated. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100