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Dec 26, 2021
Vital Farms Q4 2021 Earnings Report
Vital Farms' Q4 2021 financial results were reported, showing record net revenue.
Key Takeaways
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.
Net revenue increased by 43.4% to a record $77.4 million.
Gross profit was $19.8 million, representing 25.6% of net revenue.
Net loss was $3.6 million, compared to a net loss of $0.8 million in the prior year quarter.
Adjusted EBITDA loss was $2.0 million, compared to an Adjusted EBITDA loss of $0.1 million in the prior year.
Forward Guidance
For the full fiscal year 2022, Vital Farms expects net revenue of more than $340 million and Adjusted EBITDA of more than $13 million.
Positive Outlook
- Net revenue of more than $340 million, an increase of 30% compared to fiscal year 2021.
- Adjusted EBITDA of more than $13 million for the full fiscal year 2022, excluding costs related to our exit of the convenient breakfast product line, an increase of 62% compared to fiscal year 2021.
- Guidance assumes no additional significant disruptions to the supply chain.
- Guidance assumes no additional significant disruptions to customers.
- Guidance assumes no additional significant disruptions to consumers.
Challenges Ahead
- Guidance excludes costs related to the exit of the convenient breakfast product line.
- Guidance is subject to changes in the operating environment.
- Guidance assumes no issues from adverse macroeconomic factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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