India, Feb. 26 -- Vita Coco Company, Inc. (COCO), while reporting weak fourth-quarter earnings, below market estimates, on Wednesday issued fiscal 2025 outlook, expecting growth in adjusted EBITDA and sales.
In pre-market activity on the Nasdaq, Vita Coco shares were losing around 8.3 percent to trade at $34.98.
For fiscal 2025, the owner of coconut water brand Vita Coco projects adjusted EBITDA between $86 million and $92 million, and net sales between $555 million and $570 million.
In fiscal 2024, adjusted EBITDA was $84 million on net sales of $516 million.
The Wall Street analysts, on average, estimate revenues of $569.11 million for fiscal 2025.
The outlook reflects projected Vita Coco Coconut Water growth of mid-teens and the pla...