
A reduction in transport costs led The Vita Coco Company to up its full-year guidance, as the better-for-you drinks maker reported a leap in gross profits driven by margin expansion in its first quarter.
Transport costs have been a drag on the company’s margins in recent quarters.
A reduction in transport costs led The Vita Coco Company to up its full-year guidance, as the better-for-you drinks maker reported a leap in gross profits driven by margin expansion in its first quarter.