NINGI Research criticizes Vita Coco for slow sales growth, Costco terminating contract, internal deficiencies

From Yahoo Finance: 2025-03-27 10:16:00

NINGI Research released a report criticizing Vita Coco, labeling it a “one-trick pony” in the beverage market. Sales growth has lagged behind competitors, with Costco set to terminate its contract with the company. Structural internal deficiencies and misleading practices were also highlighted. Shares of Vita Coco fell 3% to $34.43.

The report was first published on TheFly, a source for real-time financial news. For more top-performing stocks, visit TipRanks.

Vita Coco is facing challenges with stagnant sales growth, the loss of its largest private label customer, and internal deficiencies according to a recent report by NINGI Research. Shares of the company dropped 3% to $34.43.

Read more: NINGI Research short Vita Coco, says Costco to terminate contract