Vital Farms Q3 net revenue up 31% to $145M; raises FY2024 guidance

Vital Farms, Inc.

2024-Q3 EPS reported $0.95 revenue$440,318,000

Net revenue $145.0M (+31.3% YoY); net income $7.4M ($0.16 diluted EPS) vs. $4.5M ($0.10) prior year.
Gross margin expanded 368 bps to 36.9%; Adjusted EBITDA $15.2M vs. $9.3M.
Raised fiscal 2024 guidance; reiterates $1B net revenue target by 2027.
Added to network of >375 family farms; new Indiana egg washing/packing facility on track.

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