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Dec 29, 2024
Vital Farms Q4 2024 Earnings Report
Reported a strong fourth quarter and fiscal year, exceeding net revenue targets and expanding gross margins.
Key Takeaways
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.
Net revenue increased by 22.2% to $166.0 million compared to Q4 2023.
Gross margin expanded by 280 basis points to 36.1%.
Net income increased by 46.8% to $10.6 million.
Adjusted EBITDA was $19.1 million, representing 11.5% of net revenue.
Forward Guidance
Vital Farms anticipates continued supply constraints early in 2025, with improvements expected in the second half of the year. The company projects net revenue of at least $740 million and adjusted EBITDA of at least $100 million for fiscal year 2025.
Positive Outlook
- Net revenue of at least $740 million is expected.
- Adjusted EBITDA of at least $100 million is anticipated.
- New family farms coming online will increase supply.
- New washing and packing line at Egg Central Station becoming operational in Q4 2025.
- Continued investment in brands and supply chain capabilities.
Challenges Ahead
- Supply constraints are expected to continue early in the year.
- Guidance assumes no significant disruptions to the supply chain.
- Guidance assumes no significant disruptions to customers or consumers.
- Guidance assumes no issues from adverse macroeconomic factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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