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Sep 26, 2021
Vital Farms Q3 2021 Earnings Report
Reported record net revenue and increased fiscal year revenue outlook.
Key Takeaways
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.
Net Revenue increased 21.1% to $64.6 million.
Network of family farms expanded to over 250.
Retail distribution expanded to over 18,000 stores.
Over 5.5 million households continue to trust Vital Farms' pasture-raised eggs.
Vital Farms
Vital Farms
Forward Guidance
Vital Farms expects net revenue between $253 to $256 million for the full year 2021, an increase of 18-19% compared to 2020. Adjusted EBITDA is anticipated to be in the range of $8 to $9 million for the full year 2021.