Shares of The Vita Coco Company, Inc. (NASDAQ: COCO) are soaring 8.43% in Wednesday's trading session following the release of its impressive first-quarter 2025 financial results and an expansion of its share repurchase program.

The coconut water giant reported Q1 sales of $131 million, surpassing analysts' expectations of $125.5 million and marking a 17% increase from the same period last year. The company's earnings per share came in at $0.31, significantly beating the consensus estimate of $0.20 and representing a 29.17% year-over-year increase. Vita Coco's adjusted EBITDA reached $23 million, well above the $16.8 million forecast by analysts.

Adding to investor enthusiasm, Vita Coco reaffirmed its full-year 2025 guidance, projecting net sales between $555 million and $570 million. The company also announced that its Board of Directors had approved an additional $25 million for its share repurchase program, increasing the total authorization to $65 million. This move signals management's confidence in the company's future prospects and commitment to enhancing shareholder value.

Michael Kirban, the Company's Co-Founder and Executive Chairman, commented on the results, stating, "The coconut water category remains one of the fastest growing categories in the beverage aisle, showing strong growth in the United States, the United Kingdom and Germany, which produced 25% Vita Coco Coconut Water net sales growth globally." The company's strong performance and positive outlook appear to be driving today's significant stock rally.