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Jun 26, 2022
Vital Farms Q2 2022 Earnings Report
Net revenue increased by 37.4% to a record $82.9 million, with a net income of $0.2 million.
Key Takeaways
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.
Net revenue increased by 37.4% to $82.9 million.
Net income was $0.2 million.
Adjusted EBITDA totaled $3.7 million.
Maintained fiscal year 2022 outlook for net revenue of over $340 million and Adjusted EBITDA of over $13 million.
Vital Farms
Vital Farms
Forward Guidance
Vital Farms maintained its guidance for fiscal year 2022, projecting net revenue of over $340 million, a 30% increase compared to fiscal year 2021, and Adjusted EBITDA of more than $13 million, a 62% increase compared to fiscal year 2021.