Coconut Water Leader Faces 6% Drop in One Day Due to Earnings Shock

Shares of The Vita Coco Co Inc. (NASDAQ: COCO) closed at $45.05 on the Nasdaq, down 5.97% from the previous day’s close.

In a single session, the company’s market capitalization fell by about $145 million (roughly KRW 200 billion), bringing its current market cap to approximately $2.57 billion (around KRW 3.5 trillion).

Trading volume for the day totaled 1,045,778 shares.

In its fourth-quarter 2025 earnings report released on February 18, the company posted revenue of $127.79 million, slightly exceeding consensus estimates, but missed expectations on earnings per share, resulting in a mixed performance.

Management highlighted steady growth in the coconut water category and projected increases in both revenue and profits for 2026, while warning that tariff pressures and volatility in the private-label business could weigh on profitability.

The Vita Coco Co Inc. is a U.S. beverage company best known for its “Vita Coco” coconut water brand and is regarded as the market leader in the category in major markets such as the United States. Founded in New York in 2004, the company has grown around its coconut water products and has recently expanded its brand presence by adding snack offerings and forging sports partnerships.