Vita Coco Q1 sales surge 37% on volume gains; tariff relief and $15.6M refund claim filed

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~2 min read

Key Changes

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  Q1 2026 net sales jumped 37% to $180M (vs. 17% growth in Q1 2025) driven by 32% volume growth in Vita Coco Coconut Water and a retailer promotion timing shift. Gross margin expanded 320 basis points to 39.9% on lower ocean freight and improved pricing.

  MD&A: Financial Results verify on EDGAR →
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  Company filed $15.6M in tariff refund claims after February 2026 Supreme Court ruling deemed certain tariffs unlawful. No recovery recognized yet due to uncertainty around timing and acceptance; potential material cash inflow if approved.

  MD&A: Tariff Policy verify on EDGAR →
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  November 2025 White House relief waived reciprocal tariffs on coconut water imports (majority of portfolio) and Brazil tariffs, significantly reducing tariff burden after November 21, 2025. Some miscellaneous tariffs remain in effect.

  MD&A: Tariff Policy verify on EDGAR →