Vita Coco (COCO) reported Q1 earnings Wednesday of $0.31 per diluted share, up from $0.24 a year earlier.

Analysts polled by FactSet expected $0.20.

Net sales for the quarter ended March 31 were $130.9 million, up from $111.7 million a year earlier.

Analysts surveyed by FactSet expected $126.3 million.

The company expects fiscal 2025 net sales between $555 million and $570 million. Two analysts polled by FactSet expect $569.6 million.