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Vital Farms Q2 net revenue down 10.1% to $166M, net loss $31.1M; secures $185M credit facilities
Net revenue $166.0M, down 10.1% YoY; net loss $31.1M vs net income $16.6M in prior year.
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Vital Farms shareholders elect two directors and approve auditor and say-on-pay
Russell Diez-Canseco elected with 22,296,432 votes for; Kelly Kennedy elected with 22,047,980.
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Vital Farms Q1 net loss $1.5M, gross margin falls to 28.3%; winds down butter, cuts FY guidance
Net revenue $187.2M (+15.4% YoY); net loss $1.5M vs net income $16.9M.
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Vital Farms FY2025 revenue $759.4M (+25.3% YoY); CEO becomes Exec Chair; $100M buyback
FY2025 net revenue $759.4M (+25.3% YoY); net income $66.3M; diluted EPS $1.44.
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Vital Farms sets $2B revenue target by 2030; updates FY2025 guidance to $755-765M
Long-term target: $2B net revenue by 2030 with 15-17% adjusted EBITDA margin.
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Vital Farms Q3 revenue $198.9M (+37% YoY), raises FY25 guidance to at least $775M
Net revenue $198.9M (+37.2% YoY), net income $16.4M ($0.36 diluted EPS) vs $7.4M ($0.16) prior year.
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Vital Farms adopts annual say-on-pay frequency per stockholder advisory vote
Stockholders advised one-year frequency for future say-on-pay votes at June 11, 2025 annual meeting.
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Vital Farms Q2 revenue up 25% to $184.8M; raises FY2025 guidance to at least $770M
Net revenue $184.8M (+25.4% YoY); net income $16.6M ($0.36 diluted EPS), flat YoY.
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Vital Farms appoints Freshpet CEO Billy Cyr to board of directors
Board size increased from 8 to 9; appointment effective July 1, 2025.
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Vital Farms shareholders approve officer exculpation amendment; elect directors
Officer exculpation amendment approved (33.9M for, 2.6M against); filed with Delaware on June 11, 2025.
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Vital Farms Q1 net revenue $162.2M (+9.6% YoY); reaffirms FY2025 guidance
Record Q1 net revenue of $162.2M, up 9.6% YoY; net income fell to $16.9M from $19.0M.
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Vital Farms reports FY2024 revenue $606.3M (+28.5%); guides FY2025 $740M rev, $100M Adj. EBITDA
FY2024 net revenue $606.3M (+28.5% YoY); net income $53.4M (+108.8%); diluted EPS $1.18 vs $0.59.
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Vital Farms expands roles: Pappas to President/Eggs, McKeon to GM/Butter
Pete Pappas named Chief Sales Officer and President, Eggs, effective Jan 1, 2025.
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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.
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Vital Farms appoints Joe Holland as Chief Supply Chain Officer effective Sept 1, 2024
Joe Holland appointed Chief Supply Chain Officer, effective Sept 1, 2024, succeeding Jason Dale as principal operating officer.
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Vital Farms Q2 net revenue up 38.5% to $147.4M; raises FY2024 guidance
Net revenue $147.4M (+38.5% YoY); net income $16.3M ($0.36 EPS) vs $6.7M ($0.15 EPS).
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Vital Farms annual meeting elects directors, ratifies KPMG as auditor
Kofi Amoo-Gottfried elected with 24,238,334 votes for, 10,500,949 withheld.
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Vital Farms Q1 net revenue $147.9M (+24% YoY); raises FY2024 outlook; plans new Indiana facility
Net revenue $147.9M (record), up 24.1% YoY; net income $19.0M vs $7.2M, diluted EPS $0.43 vs $0.16.
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Vital Farms enters $60M senior secured revolving credit facility with JPMorgan
New $60M 5-year revolving credit facility replaces prior $20M PNC facility, which terminated concurrently.
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Vital Farms COO to step down, principal accounting officer resigns; CFO assumes duties
COO Jason Dale will transition to non-employee advisory role by Aug 31, 2024; receives $10,000/month retainer through Dec 31, 2024.
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Vital Farms Q4 revenue $135.8M (+23.4% YoY), FY net income jumps to $25.6M
Q4 net revenue $135.8M, up 23.4% vs prior year; excluding extra week, up 15.7%.
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Vital Farms corrects false revenue report; final FY2023 net revenue not yet released
Springfield Business Journal article (Feb 9, 2024) incorrectly stated Vital Farms had net revenue beyond $465M for fiscal 2023.
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Vital Farms amends bylaws to adopt universal proxy rules and enhance nomination disclosures
Board approved amended bylaws on Nov 14, 2023, effective immediately.
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Vital Farms Q3 revenue $110.4M (+20% YoY), net income $4.5M, raises FY adjusted EBITDA guidance
Net revenue $110.4M, up 20% YoY; net income $4.5M.
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Vital Farms Q2 revenue $106.4M (+28.4% YoY), net income $6.7M, raises 2023 guidance
Net revenue $106.4M, up 28.4% vs Q2 2022.
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Vital Farms stockholders elect three directors and ratify KPMG as auditor at 2023 annual meeting
Matthew O'Hayer, Russell Diez-Canseco, Kelly J. Kennedy re-elected as directors with majority support.
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Vital Farms Q1 net revenue hits record $119.2M, up 54.7% YoY; net income $7.2M
Net revenue $119.2M, up 54.7% YoY; volume grew 26% during the quarter.
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Vital Farms Q4 revenue record $110.1M (+42% YoY); FY2023 guidance >$450M
Q4 net revenue record $110.1M, up 42.2% vs prior year.
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Vital Farms names Thilo Wrede CFO; Bo Meissner transitions out effective March 15
Thilo Wrede appointed CFO effective on/about March 15, 2023, succeeding Bo Meissner.
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Vital Farms Q3 revenue up 42.4% to $92M record; net income $0.7M; reaffirms FY2022 outlook
Net revenue $92.0M (+42.4% YoY); net income $0.7M; adjusted EBITDA $5.2M.
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Vital Farms Q2 revenue $82.9M (+37.4% YoY), net income $0.2M; maintains FY outlook
Net revenue record $82.9M, up 37.4% versus prior year.
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Vital Farms shareholders elect three directors and ratify KPMG as auditor at 2022 annual meeting
All three director nominees (Flanagan, Ruiz, Post) elected with at least 27.0M votes for each.
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Vital Farms Q1 net revenue $77.1M (+31.6% YoY); net loss $1.5M, maintains FY outlook
Net revenue of $77.1M, up 31.6% YoY; net loss of $1.5M vs. prior year net income.
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Vital Farms amends employment agreements for CEO and COO, adopts change in control severance plan
CEO Russell Diez-Canseco gets $625,000 base salary and 100% target bonus under new agreement effective April 1, 2022.
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Vital Farms Q4 revenue $77.4M (+43.4% YoY); FY2022 outlook 30% growth
Q4 net revenue $77.4M (+43.4% YoY); net loss $3.6M vs loss $0.8M a year ago.
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Director Brent Drever to resign from Vital Farms Board after annual meeting
Brent Drever notified the Board of his resignation effective after the next annual meeting.
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Vital Farms Q3 net revenue up 21% to $64.6M; guides FY revenue higher
Net revenue $64.6M (+21.1% YoY); net loss $1.3M vs net income $1.7M a year ago.
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Vital Farms Q2 net revenue record $60.3M; net income falls to $3.9M from $6.0M YoY
Record net revenue of $60.3M (+1.7% YoY); two-year CAGR of 36.7% excluding COVID-19 pantry loading impact.