---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056279"
form_type: "8-K"
ticker: "VITL"
cik: "0001579733"
company_name: "Vital Farms, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:58:20.667339+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-056279
- form_type: 8-K
- ticker: VITL
- cik: 0001579733
- company_name: Vital Farms, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579733/000095017024056279/0000950170-24-056279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579733/000095017024056279/vitl-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056279
- JSON: https://secwatch.observer/filing/0000950170-24-056279.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056279.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579733/000095017024056279/0000950170-24-056279-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.