Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook
Vital Farms, Inc. (VITL)
Company Research
Source: GlobeNewswire
Third Quarter Net Revenue of $145.0 million, up 31.3% versus Prior Year PeriodRaises Fiscal Year 2024 Guidance and Reiterates Long-term GuidanceOn Track to Reach $1 Billion Net Revenue Target in 2027 AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its third quarter ended September 29, 2024. Financial highlights for the third quarter ended September 29, 2024, compared to the third quarter ended September 24, 2023, include: Net Revenue increased 31.3% to $145.0 million, compared to $110.4 millionGross Margin expanded 368 basis points to 36.9%, compared to 33.2%Net Income of $7.4 million, compared to $4.5 millionNet Income per Diluted Share of $0.16, compared to $0.10Adjusted EBITDA of $15.2 million, compared to $9.3 million1 “Our sales momentum from the first half of the year carried into the third quarter of 2024 and we posted ano
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VITL
Earnings
- 11/7/24 - Beat
VITL
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- VITL's page on the SEC website