Vital Farms Reports First Quarter 2023 Financial Results
Vital Farms, Inc. (VITL)
Company Research
Source: GlobeNewswire
First Quarter Net Revenue a Record $119.2 million, up 54.7% versus Prior YearVolume Grew 26% During the Period AUSTIN, Texas, May 04, 2023 (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 first quarter ended March 26, 2023. Financial highlights for the first quarter include: First Quarter 2023 Net Revenue increase of 54.7% to $119.2 millionFirst Quarter 2023 Net Income of $7.2 millionFirst Quarter 2023 Adjusted EBITDA of $13.9 million1 “2023 is off to a tremendous start, as we achieved the highest net revenue and Adjusted EBITDA in a single quarter in Vital Farms' history at $119.2 million and $13.9 million, respectively.1 This was driven by both strong internal execution and robust consumer demand for our products as our volumes grew 26% during the period,” said Russell Diez-Canseco, Vital Farms’ President and CEO. Diez-Canseco conti
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VITL
Earnings
- 5/9/24 - Beat
VITL
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- 5/9/24 - Form S-8
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