The Vita Coco Company has acquired Copra, a leading producer of super-premium Thai Nam Hom coconut water, for $175 million upfront plus potential earnouts. This acquisition allows Vita Coco to enter the fast-growing super-premium coconut water segment, expand its market share, and enhance supply chain capabilities with a new factory in Thailand. Copra's strong growth and expertise in premium coconut water complement Vita Coco's existing portfolio, with expectations of accretive adjusted EBITDA margins post-integration. The deal broadens Vita Coco's addressable market and growth potential internationally.
Goldman Sachs has increased its price target for The Vita Coco Company to $90, suggesting a nearly 30% upside from its current price. The company reported strong Q2 2026 results with net sales up 28% to $216 million and earnings per share of $0.82, b...
Vita Coco reported a 28% increase in Q2 net sales to $216 million, driven by 21% growth in its coconut water segment. Net income rose to $49 million, more than doubling from last year, supported by tariff refunds and improved pricing. The company rai...
