Vita Coco Company Inc (COCO) News & EventsCOCOVita Coco Company Inc

Company Raises FY26 Adjusted EBITDA Outlook to $170M-$175M

Consensus $802.69M. Raises FY26 adjusted EBITDA view to $170M-$175M from $154M-$161M. The company said, "Uncertainty and instability in the current operating environment, geopolitical landscape, and global economies, including the military conflict in Iran and related impacts, changes in tariff rates, natural disasters, associated potential competitive pricing actions, and our own price elasticity could affect this outlook and our future results."

Company Reports Q3 Revenue of $243.83M, Exceeding Expectations

Reports Q3 revenue $243.83M, consensus $230.1M. Michael Kirban, the company's co-founder and executive chairman, stated, "The growth of the coconut water category maintained through the fall, and remains one of the fastest growing beverage categories in our major markets. I am particularly pleased by the strong growth in Europe as we develop the category in key markets, and the continued growth in America, driven by increases in both household penetration and in average consumption per household. This quarter, we were pleased to welcome the Copra team to our family and to start executing our joint plans, which we believe will allow us to compete successfully in the super premium segment. With the investments we are making in our supply chain, and our strong brand performance, I am confident in our plans to maintain our growth into 2027, and our category leadership well into the future."

Stocks Decline Amid Deteriorating Macroeconomic Conditions

Stocks extended losses on Thursday amid a deteriorating macroeconomic backdrop and fresh AI worries, with concerns over accelerating artificial intelligence spending outweighing otherwise solid quarterly results. Meanwhile, rising Treasury yields and oil prices added pressure to equity markets.Oil prices jumped after Yemen's Iran-backed Houthi militant group claimed attacks on two Saudi Arabian tankers in the Red Sea, fueling worries about further conflict in the Middle East. U.S. President Donald Trump has threatened to bomb Iran infrastructure following the event and said he is seriously considering restarting major combat operations in Iran, including a "massive attack" that would be bigger than the ones previously carried out.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetreported, but slid after it also raised its FY26 capex guidanceTeslareportedand maintained its FY26 capex guidanceIBMreportedand cut its FY26 revenue growth outlook amid weakness in infrastructure revenueLockheed Martinprovided areport for Q2AMDand Cerebras Systemsannounced a partnership over a2. WALL STREET CALLS:AT&Tto Outperform at Wolfe ResearchNorwegian Cruise Lineto Hold at TruistVerisk Analyticsto Buy at JefferiesPegasystemsat KeyBanc, William Blair and Loop CapitalCitiAgilon Healthto Sell on "too rich" valuation3. AROUND THE WEB:Atari has inked a film deal with Comcast'sUniversal Pictures to develop 10 classic Atari IP for the big screen, Deadline reportsUberhas cut 10% of jobs within its customer service operations to simplify its ranks and "embrace artificial intelligence," a spokesperson confirmed to BloombergInteland Advanced Micro Devicesare signing longer-term purchase commitments with Chinese server customers for data-center processors, a consequence of the AI boom driving demand and giving suppliers leverage to seek long-term purchase deals, Reuters reportsSamsungmay invest up to EUR 1B in Mistral as part of a broader round valuing it at EUR 20B, after previously backing the AI startup through its venture arm, FT saysAmazonis being probed by the Senate Small Business Committee for allegedly allowing China to influence the ecommerce giant's online marketplace, Bloomberg reports4. MOVERS:Novocuregained in New York afterand raising its guidance for FY26Cleveland-Cliffsincreased after, providing guidance for Q3 and 2H, and providing updates on USW and POSCOPalisade Biowas higher after Oppenheimercoverage of the stock with an Outperform ratingAlbertsonswas lower after, cutting its guidance for FY26, and announcing the retirement of CFO McCollamSTMicroelectronicsfell in New York afterand providing guidance for Q35. EARNINGS/GUIDANCE:Union Pacific, with EPS and revenue beating consensusVita Cocoand raised its guidance for FY26American Airlinesand provided guidance for Q3Nasdaqand raised its guidance for FY26, with CEO Adena Friedman calling it "an outstanding second quarter"Imax, with EPS and revenue beating consensusINDEXES:The Dow fell 506.93, or 0.97%, to 51,711.65, the Nasdaq lost 533.21, or 2.15%, to 25,137.69, and the S&P 500 declined 90.66, or 1.21%, to 7,408.30.