secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vital Farms, Inc. (VITL)
CIK:        0001579733
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122799
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579733/000095017024122799/0000950170-24-122799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579733/000095017024122799/vitl-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122799

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer