Vital Farms Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Vital Farms, Inc. (VITL)
Company Research
Source: Yahoo! Finance
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 million Gross Margin expanded 400 basis points to 39.8%, compared to 35.8% Net Income of $19.0 million, compared to $7.2 million Net Income per Diluted Share of $0.43, compared to $0.16 Adjusted EBITDA of $29.1 million, compared to $13.9 million “2024 is off to a very strong start with record net revenue in the first quarter of $147.9 million, reflecting net revenue growth of 24.1%. Thanks to our stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, crew members, and stockholders, we are
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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