earnings
confidence high
sentiment positive
materiality 0.75
Vital Farms Q2 net revenue up 38.5% to $147.4M; raises FY2024 guidance
Vital Farms, Inc.
2024-Q2 EPS reported
$0.79
revenue$295,316,000
- Net revenue $147.4M (+38.5% YoY); net income $16.3M ($0.36 EPS) vs $6.7M ($0.15 EPS).
- Gross margin expanded 362 bps to 39.1%; Adjusted EBITDA $23.3M vs $11.3M.
- Raised fiscal year 2024 outlook; reiterates long-term $1B net revenue target by 2027.
- Plans new state-of-the-art egg washing and packing facility in Seymour, Indiana; reached 350 family farms.