The Vita Coco Company Issues Statement Regarding NINGI Research Report
Vita Coco Company (NASDAQ: COCO) has issued a response to a short seller report from NINGI Research, stating that the report contains numerous inaccuracies and mischaracterizations. The company maintains that it has been transparent about all matters discussed in the report through appropriate public disclosures.
The company references its Q4 and FY2024 Earnings Call from February 26, 2025, where it disclosed expected challenges with private label retailers. Due to previous inventory constraints leading to subpar service levels, COCO anticipates losing some regional private label business in 2025, with impacts beginning in Q2 and intensifying in subsequent quarters. These projections are already incorporated into their current forecast.
Vita Coco reaffirms its Fiscal Year 2025 outlook and long-term growth algorithm, expressing confidence in its governance, financial reporting, and business practices.
Vita Coco Company (NASDAQ: COCO) ha emesso una risposta a un rapporto di venditore allo scoperto di NINGI Research, affermando che il rapporto contiene numerose imprecisioni e malintesi. L'azienda sostiene di essere stata trasparente riguardo a tutte le questioni discusse nel rapporto attraverso appropriate comunicazioni pubbliche.
L'azienda fa riferimento alla sua chiamata sugli utili del Q4 e dell'anno fiscale 2024 del 26 febbraio 2025, dove ha rivelato le sfide previste con i rivenditori a marchio privato. A causa di precedenti vincoli di inventario che hanno portato a livelli di servizio inferiori, COCO prevede di perdere parte del business regionale a marchio privato nel 2025, con impatti che inizieranno nel secondo trimestre e si intensificheranno nei trimestri successivi. Queste proiezioni sono già incorporate nella loro attuale previsione.
Vita Coco riafferma le sue previsioni per l'anno fiscale 2025 e l'algoritmo di crescita a lungo termine, esprimendo fiducia nella sua governance, nella rendicontazione finanziaria e nelle pratiche aziendali.
Vita Coco Company (NASDAQ: COCO) ha emitido una respuesta a un informe de vendedor corto de NINGI Research, afirmando que el informe contiene numerosas inexactitudes y tergiversaciones. La empresa sostiene que ha sido transparente sobre todos los asuntos discutidos en el informe a través de divulgaciones públicas apropiadas.
La empresa hace referencia a su llamada de ganancias del cuarto trimestre y del año fiscal 2024 del 26 de febrero de 2025, donde reveló desafíos esperados con los minoristas de marca privada. Debido a las restricciones de inventario previas que llevaron a niveles de servicio inferiores, COCO anticipa perder parte del negocio regional de marca privada en 2025, con impactos que comenzarán en el segundo trimestre y se intensificarán en los trimestres siguientes. Estas proyecciones ya están incorporadas en su pronóstico actual.
Vita Coco reafirma sus perspectivas para el año fiscal 2025 y su algoritmo de crecimiento a largo plazo, expresando confianza en su gobernanza, informes financieros y prácticas comerciales.
비타 코코 컴퍼니 (NASDAQ: COCO)는 NINGI 리서치의 공매도 보고서에 대한 응답을 발표하며, 해당 보고서에 여러 가지 부정확한 정보와 오해가 포함되어 있다고 밝혔습니다. 회사는 보고서에서 논의된 모든 사항에 대해 적절한 공개를 통해 투명성을 유지해왔다고 주장합니다.
회사는 2025년 2월 26일에 열린 2024년 4분기 및 회계연도 실적 발표에서 사Private Label 소매업체와의 예상되는 도전에 대해 언급합니다. 이전의 재고 제약으로 인해 서비스 수준이 저조했던 COCO는 2025년에 일부 지역의 Private Label 비즈니스를 잃을 것으로 예상하며, 그 영향은 2분기부터 시작해 이후 분기마다 심화될 것입니다. 이러한 예측은 현재의 전망에 이미 포함되어 있습니다.
비타 코코는 2025 회계연도 전망과 장기 성장 알고리즘을 재확인하며, 거버넌스, 재무 보고 및 비즈니스 관행에 대한 신뢰를 표현합니다.
Vita Coco Company (NASDAQ: COCO) a publié une réponse à un rapport de vendeur à découvert de NINGI Research, affirmant que le rapport contient de nombreuses inexactitudes et malentendus. L'entreprise maintient qu'elle a été transparente sur toutes les questions abordées dans le rapport grâce à des divulgations publiques appropriées.
L'entreprise fait référence à sa conférence téléphonique sur les résultats du quatrième trimestre et de l'exercice 2024 du 26 février 2025, où elle a révélé les défis attendus avec les détaillants de marques de distributeur. En raison de contraintes d'inventaire antérieures entraînant des niveaux de service inférieurs, COCO prévoit de perdre une partie de ses affaires régionales de marques de distributeur en 2025, avec des impacts commençant au deuxième trimestre et s'intensifiant au cours des trimestres suivants. Ces projections sont déjà intégrées dans leurs prévisions actuelles.
Vita Coco réaffirme ses perspectives pour l'exercice 2025 et son algorithme de croissance à long terme, exprimant sa confiance dans sa gouvernance, sa communication financière et ses pratiques commerciales.
Vita Coco Company (NASDAQ: COCO) hat auf einen Bericht von NINGI Research über Leerverkäufe reagiert und erklärt, dass der Bericht zahlreiche Ungenauigkeiten und Fehlcharakterisierungen enthält. Das Unternehmen betont, dass es in Bezug auf alle im Bericht angesprochenen Themen durch angemessene öffentliche Offenlegungen transparent war.
Das Unternehmen verweist auf seine Gewinnkonferenz für das 4. Quartal und das Geschäftsjahr 2024 vom 26. Februar 2025, in der es erwartete Herausforderungen mit Einzelhändlern von Eigenmarken bekannt gab. Aufgrund früherer Bestandsengpässe, die zu suboptimalen Servicelevels führten, erwartet COCO, dass es im Jahr 2025 einige regionale Eigenmarkengeschäfte verlieren wird, wobei die Auswirkungen im 2. Quartal beginnen und in den folgenden Quartalen zunehmen werden. Diese Prognosen sind bereits in ihre aktuelle Vorhersage einflossen.
Vita Coco bekräftigt seinen Ausblick für das Geschäftsjahr 2025 und den langfristigen Wachstumsalgorithmus und äußert Vertrauen in seine Unternehmensführung, Finanzberichterstattung und Geschäftspraktiken.
- Company maintains 2025 financial guidance despite challenges
- Issues already factored into current forecasts, suggesting proactive management
- Expected loss of regional private label business starting Q2 2025
- Significant inventory constraints affected private label service levels
- Short seller report targeting company practices
Reaffirms Fiscal Year 2025 Outlook and Long-Term Growth Algorithm
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (“Vita Coco” or the “Company”), a leading high-growth platform of better-for-you beverage brands, today provided the following response to the recent short seller report issued by NINGI Research, who subsequently disclosed a short position in The Vita Coco Company stock.
After reviewing the claims outlined in NINGI Research’s report, the Company has found that the report contains numerous inaccuracies and mischaracterizations. Contrary to this report, the Company has consistently and transparently addressed the matters discussed in the report through appropriate public disclosures.
The Company stated on the Fourth Quarter and Fiscal-Year 2024 Earnings Call held on Wednesday, February 26, 2025:
“As we've previously highlighted, last year, we experienced significant inventory constraints which led to unacceptable private label service levels that were below our standards. As a result of these challenges, we currently expect to lose some regions with certain private label retailers during 2025. Assuming this occurs, this will initially appear on our second quarter shipments with deeper impact in subsequent quarters. These assumptions are built into our current forecast for full year net sales.”
There have been no material changes since this statement was made. The Vita Coco Company is confident in its governance, financial reporting and business practices, and reaffirms the disclosures and guidance that it provided during it most recent earnings release.
ABOUT THE VITA COCO COMPANY
The Vita Coco Company is a family of brands on a mission to reimagine what’s possible when brands deliver healthy, nutritious, and great tasting products that are better for consumers and better for the world. This includes its flagship coconut water brand Vita Coco, sustainably packaged water Ever & Ever, and protein-infused water PWR LIFT. The Company was co-founded in 2004 by Michael Kirban and Ira Liran and is a public benefit corporation and Certified B Corporation. Vita Coco, the principal brand within the Company’s portfolio, is the leading coconut water brand in the U.S. With electrolytes, nutrients, and vitamins, coconut water has become a top beverage choice among consumers after a workout, in smoothies, as a cocktail mixer, after a night out, and more.
CONTACTS
Investor:
ICR, Inc.
investors@thevitacococompany.com
Media:
Tim Biba
203-428-3222
tbiba@soleburytrout.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding our future financial and operating performance. The forward-looking statements in this release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company’s control. These factors include, but are not limited to, those discussed under the caption “Risk Factors” in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the U.S. Securities and Exchange Commission ("SEC") as such factors may be updated from time to time and which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at https://investors.thevitacococompany.com. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
FAQ
How will private label losses affect Vita Coco (COCO) in 2025?
What caused Vita Coco's (COCO) private label service issues?
How has Vita Coco (COCO) responded to NINGI Research's short seller report?
Is Vita Coco (COCO) maintaining its 2025 financial guidance?
