Vital Farms Q4 revenue $135.8M (+23.4% YoY), FY net income jumps to $25.6M

Vital Farms, Inc.

Q4 net revenue $135.8M, up 23.4% vs prior year; excluding extra week, up 15.7%.
Q4 net income $7.2M ($0.17 diluted EPS) vs $1.9M ($0.04); adjusted EBITDA $13.9M vs $6.9M.
FY 2023 (53 wks) net revenue $471.9M, +30.3% YoY; net income $25.6M ($0.59 diluted EPS) vs $1.2M ($0.03).
FY adjusted EBITDA $48.3M vs $16.2M; operating cash flow expanded nearly $60M.
No specific FY2024 numeric guidance provided; targets $1B revenue by 2027.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Vital Farms, Inc. updated its fiscal year 2024 guidance (initiated).

Period: fiscal year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results Record Fourth Quarter Net Revenue of $135.8 million, up 23.4% versus Prior Year Period Provides Fiscal Year 2024 Outlook

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vital Farms, Inc. reported fourth quarter (14 weeks) ended December 31, 2023 results: revenue $135.8 million, net income $7.2 million, EPS $0.17.

Period: fourth quarter (14 weeks) ended December 31, 2023
Revenue: $135.8 million
Net income: $7.2 million
EPS: $0.17
Result: reported results

Exact text from the filing

Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results Record Fourth Quarter Net Revenue of $135.8 million, up 23.4% versus Prior Year Period Provides Fiscal Year 2024 Outlook

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vital Farms, Inc. reported fiscal year (53 weeks) ended December 31, 2023 results: revenue $471.9 million, net income $25.6 million, EPS $0.59.

Period: fiscal year (53 weeks) ended December 31, 2023
Revenue: $471.9 million
Net income: $25.6 million
EPS: $0.59
Result: reported results

Exact text from the filing

Financial highlights for the fiscal year ended December 31, 2023 (53 weeks) compared to the fiscal year ended December 25, 2022 (52 weeks): • Net Revenue increased 30.3% to $471.9 million, compared to $362.1 million. Excluding the extra week in fiscal year 2023, Net Revenue increased 28.0%. • Net Income of $25.6 million, compared to $1.2 million. • Net Income per Diluted Share of $0.59, compared to $0.03. • Adjusted EBITDA of $48.3 million, compared to $16.2 million.

View on SEC.gov

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Source: SEC EDGAR

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