Vital Farms Reports First Quarter 2024 Financial Results
Vital Farms, Inc. (VITL)
Company Research
Source: GlobeNewswire
Record First Quarter Net Revenue of $147.9 million, up 24.1% versus Prior Year PeriodRaises Fiscal Year 2024 OutlookAnnounces Plans for New State-of-the-Art Egg Washing and Packing Facility AUSTIN, Texas, May 09, 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 first quarter ended March 31, 2024. Financial highlights for the first quarter ended March 31, 2024, compared to the first quarter ended March 26, 2023, include: Net Revenue increased 24.1% to a record $147.9 million, compared to $119.2 millionGross Margin expanded 400 basis points to 39.8%, compared to 35.8%Net Income of $19.0 million, compared to $7.2 millionNet Income per Diluted Share of $0.43, compared to $0.16Adjusted EBITDA of $29.1 million, compared to $13.9 million1 “2024 is off to a very strong start with record net revenue in the first quarter of $147.9 million, reflecting net reven
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VITL
Earnings
- 5/9/24 - Beat
VITL
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- VITL's page on the SEC website