Vita Coco rises on Q1 revenue beat, share buyback

Shares of beverage maker Vita Coco COCO.O rise 7.5% to $33.87

Co posts Q1 revenue of $131 million, exceeding analysts' average estimate of $125.49 million, according to data compiled by LSEG

COCO reaffirms annual revenue forecast of between $555 million and $570 million

Co says its board has authorized an additional $25 million worth of shares to its existing repurchase program

Including session's moves, COCO stock down 14.5% YTD