Vita Coco Company Raises FY24 Net Sales Outlook From $500M - $510M To $505M - $515M, Est $505.92M
Portfolio Pulse from Benzinga Newsdesk
Vita Coco Company has raised its fiscal year 2024 net sales outlook from a range of $500M - $510M to $505M - $515M, with an estimated $505.92M.
October 30, 2024 | 11:13 am
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POSITIVE IMPACT
Vita Coco Company has increased its FY24 net sales forecast, indicating positive sales momentum. The new range is $505M - $515M, up from $500M - $510M.
The upward revision of the sales outlook suggests improved business performance and potential revenue growth, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100