Vital Farms Q1 net revenue $147.9M (+24% YoY); raises FY2024 outlook; plans new Indiana facility

Vital Farms, Inc.

2024-Q1 EPS reported $0.43 revenue$147,929,000

Net revenue $147.9M (record), up 24.1% YoY; net income $19.0M vs $7.2M, diluted EPS $0.43 vs $0.16.
Gross margin expanded 400 bps to 39.8% vs 35.8%; Adjusted EBITDA $29.1M vs $13.9M.
Raises fiscal year 2024 outlook citing strong Q1 momentum and improved visibility.
Signed agreement to acquire land in southern Indiana for new egg washing/packing facility; targets at least $1B annual net 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 0.95

Vital Farms, Inc. reported first quarter ended March 31, 2024 results: revenue $147.9 million, net income $19.0 million, EPS $0.43. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $147.9 million
Net income: $19.0 million
EPS: $0.43
Guidance: raised
Result: reported results

Exact text from the filing

Vital Farms Reports First Quarter 2024 Financial Results Record First Quarter Net Revenue of $147.9 million, up 24.1% versus Prior Year Period Raises Fiscal Year 2024 Outlook

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Source: SEC EDGAR

accession 0000950170-24-056279

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