earnings
confidence high
sentiment neutral
materiality 0.75
Vital Farms Q3 net revenue up 21% to $64.6M; guides FY revenue higher
Vital Farms, Inc.
2021-Q3 EPS reported
$0.14
revenue$183,496,000
- Net revenue $64.6M (+21.1% YoY); net loss $1.3M vs net income $1.7M a year ago.
- Diluted EPS loss $0.03 vs $0.04 income; adjusted EBITDA $0.2M vs $3.7M in Q3 2020.
- Gross margin 30.7%; higher grain costs and promotional spend pressured profitability.
- Raised FY 2021 net revenue guidance; expects continued growth from distribution gains.
- Expanded to over 250 family farms, 18,000+ retail stores, and 5.5M households.