Vital Farms Q3 revenue up 42.4% to $92M record; net income $0.7M; reaffirms FY2022 outlook

Vital Farms, Inc.

2022-Q3 EPS reported -$0.02 revenue$251,969,000

Net revenue $92.0M (+42.4% YoY); net income $0.7M; adjusted EBITDA $5.2M.
Volume grew 28% YoY while the category declined 0.5%; household penetration up 40% to ~8M homes.
Gross margin improved sequentially and YoY despite inflationary pressures on organic feed and packaging.
Reaffirmed fiscal year 2022 outlook; CEO cites continued momentum and strong crew/farmer execution.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vital Farms, Inc. reported fiscal quarter ended September 25, 2022 results: revenue $92.0 million, net income $0.7 million. Guidance reaffirmed.

Period: fiscal quarter ended September 25, 2022
Revenue: $92.0 million
Net income: $0.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Vital Farms Reports Third Quarter 2022 Financial Results Third Quarter Net Revenue a Record $92.0 million, up 42.4% versus Prior Year Reaffirms Fiscal Year 2022 Outlook AUSTIN, TX – November 3, 2022 – Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of

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Source: SEC EDGAR

accession 0000950170-22-021547

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