Vital Farms Earnings Reports

Vital Farms delivered a record-setting quarter with $198.9 million in revenue and significant gains in profitability, including a net income of $16.4 million and adjusted EBITDA of $27.4 million. The company expanded its farm network and executed on strategic initiatives such as launching a new ERP system and production line.

Vital Farms reported record first quarter net revenue of $162.2 million, a 9.6% increase year-over-year, and reaffirmed its fiscal year 2025 outlook for net revenue and Adjusted EBITDA. The company saw continued volume and net revenue growth, expanded its family farm network, and is on track to meet its 2027 net revenue target of $1 billion.

Vital Farms reported a 22.2% increase in net revenue for Q4 2024, reaching $166.0 million. Gross margin expanded to 36.1%, and net income increased by 46.8% to $10.6 million. The company's performance was driven by volume growth, price/mix benefits, and operational efficiencies.

Vital Farms reported a strong second quarter with net revenue increasing by 38.5% to $147.4 million and net income reaching $16.3 million. The company raised its fiscal year 2024 outlook, driven by strong first-half performance and a positive outlook for the remainder of the year. They are also planning a new egg washing and packing facility in Seymour, Indiana.

Vital Farms reported a strong start to 2024 with record net revenue of $147.9 million, a 24.1% increase compared to the prior year. Gross margin expanded to 39.8%, and net income reached $19.0 million. The company raised its fiscal year 2024 outlook, expecting net revenue of at least $575 million and adjusted EBITDA of at least $70 million.

Vital Farms reported a strong fourth quarter and fiscal year 2023, with record net revenue of $135.8 million for the quarter, up 23.4% year-over-year, and net income of $7.2 million, compared to $1.9 million in the prior year quarter. The company's full-year net revenue increased by 30.3% to $471.9 million, and net income reached $25.6 million, compared to $1.2 million in the previous year.

Vital Farms reported a strong third quarter with a 20% increase in net revenue to $110.4 million and net income of $4.5 million. The company is raising its full year Adjusted EBITDA forecast, reflecting confidence in its business trajectory and long-term potential.

Vital Farms reported a strong second quarter in 2023, with a 28.4% increase in net revenue to $106.4 million and a net income of $6.7 million. The company's performance was driven by higher prices and volume gains, leading to an increase in gross profit and operating income. Management raised the full year net revenue and Adjusted EBITDA forecast.

Vital Farms reported a strong start to 2023, achieving record net revenue of $119.2 million, a 54.7% increase year-over-year, and a net income of $7.2 million for the first quarter ended March 26, 2023. Volume grew 26% during the period, driven by increases at both new and existing customers, as well as pricing increases.

Vital Farms reported a strong Q4 2022 with net revenue reaching a record $110.1 million, a 42.2% increase compared to the prior year. The company also saw a substantial increase in household penetration, growing the number of households purchasing Vital Farms products by over 45% to 10.5 million. Net income for the quarter was $1.9 million, compared to a net loss of $3.6 million in the prior year quarter.

Vital Farms reported a strong third quarter with record net revenue of $92.0 million, a 42.4% increase year-over-year. The company also saw improvements in gross margin and Adjusted EBITDA, despite a challenging inflationary environment.

Vital Farms reported a strong second quarter with net revenue reaching a record $82.9 million, up 37.4% compared to the prior year. Despite a challenging operating environment, the company achieved a net income of $0.2 million and maintained its fiscal year 2022 outlook.

Vital Farms reported a 31.6% increase in net revenue to $77.1 million for the first quarter of 2022. However, the company experienced a net loss of $1.5 million, compared to a net income of $3.5 million in the prior year quarter. Adjusted EBITDA also decreased to $0.5 million from $4.7 million in the first quarter of 2021. The company maintains its fiscal year 2022 outlook.

Vital Farms reported a strong Q4 2021 with a record net revenue of $77.4 million, a 43.4% increase compared to the prior year. The growth was driven by continued demand for egg-related sales and distribution gains. However, the company experienced a net loss of $3.6 million, compared to a net loss of $0.8 million in the prior year quarter, due to increased input costs and shipping expenses.

Vital Farms reported a 21.1% increase in net revenue to $64.6 million for the third quarter of 2021. However, the company experienced a net loss of $1.3 million, compared to a net income of $1.7 million in the prior year period. The company raised its fiscal year revenue outlook, reflecting confidence in sustaining strong momentum across the business.

Vital Farms reported a record net revenue of $60.3 million for Q2 2021, representing a 1.7% increase compared to the same period last year. The company's net income for the quarter was $3.9 million. Vital Farms is reaffirming guidance for net revenue between $246 to $253 million for the full year 2021.