secwatch.observer — SEC 8-K summary
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Issuer:     Vital Farms, Inc. (VITL)
CIK:        0001579733
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-210294
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vital Farms Q1 net loss $1.5M, gross margin falls to 28.3%; winds down butter, cuts FY guidance
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- Net revenue $187.2M (+15.4% YoY); net loss $1.5M vs net income $16.9M.
- Gross margin 28.3% vs 38.5%; adjusted EBITDA $5.0M vs $27.5M.
- FY2026 net revenue guided to $775-800M; adjusted EBITDA $0-10M.
- Plans to exit butter business by end of FY2026; expects inventory write-downs.
- CEO cites industry pricing/promo shifts hurting velocities; narrowing price gaps to restore growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/vitl-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-210294

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