Vita Coco impresses with strong quarterly results and breaks out to a new all-time high!

Vita Coco produces coconut-based refreshment beverages. The company has several growth drivers, including the launch of new product innovations. According to management, coconut water is "one of the fastest-growing categories in the beverage sector" and has grown by 22% in the USA and by over 100% in Germany since the beginning of the year. In the last quarter, revenue increased YoY by 37% to $182 million. The revenue forecast for the full year has been raised to $580 to $595 million, with a gross margin expected to be at 36%. The stock broke...