Vita Coco Raised FY23 Net Sales Growth Outlook To Approximately 13%-15% (Prior 10%-12%), Reaffirms Gross Margin Guidance At 35%-37%.
Portfolio Pulse from Benzinga Newsdesk
Vita Coco has increased its FY23 net sales growth outlook from 10%-12% to approximately 13%-15%. The company has also reaffirmed its gross margin guidance at 35%-37%.
October 31, 2023 | 11:04 am
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Vita Coco's raised FY23 net sales growth outlook and reaffirmed gross margin guidance could potentially lead to a positive impact on its stock price.
Vita Coco's raised sales growth outlook indicates a positive future performance, which could attract investors and drive up the stock price. The reaffirmed gross margin guidance also provides stability, which is favorable for the stock.
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