Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook [Yahoo! Finance]
Vital Farms, Inc. (VITL)
Company Research
Source: Yahoo! Finance
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 million Gross Margin expanded 368 basis points to 36.9%, compared to 33.2% Net Income of $7.4 million, compared to $4.5 million Net Income per Diluted Share of $0.16, compared to $0.10 Adjusted EBITDA of $15.2 million, compared to $9.3 million “Our sales momentum from the first half of the year carried into the third quarter of 2024 and we posted another strong topline result with net revenue of $145.0 million, 31.3% growth versus the same period last year. This great performance was made possible by all of the hardworking stakeholder
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News
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VITL
Earnings
- 11/7/24 - Beat
VITL
Sec Filings
- 12/23/24 - Form 4
- 12/16/24 - Form 4
- 12/13/24 - Form 144
- VITL's page on the SEC website