What changed
EPS of $0.82 beat consensus of $0.68 by $0.14 (+20.6%). Revenue of $216M surged 28% y/y, driven by 21% Vita Coco Coconut Water growth. The company raised FY2026 net sales guidance to $790-805M and Adjusted EBITDA to $154-161M. The key nuance: gross margin expanded to 49% from 36% y/y, but tariff refunds provided a 700bps one-time benefit, masking underlying margin pressure expected in H2.
Why it matters
EPS beat by 20.6%, revenue surged 28%, guidance raised, gross margin expanded to 49%.
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Jul 23, 2026 10:59 PM ET