Vital Farms reports Q2 EPS 36c, consensus 27c

Reports Q2 revenue $184.8M, consensus $170.81M. “We delivered second quarter results that exceeded our initial expectations, demonstrating the overall strength of our business model and expanding year-over-year consumer awareness of our strong brand,” said Russell Diez-Canseco, Vital Farms (VITL)’ President and Chief Executive Officer. “Our crew continues to successfully execute our supply chain expansion strategy, hitting several critical milestones since our last earnings call. These include an increase of 50 farms in the quarter to more 500 family farms with 9 million hens under contract, redesigning and breaking ground on our Seymour facility to bring additional production capacity online in 2027, continuing the installation of a third production line in Springfield for scheduled completion in the fourth quarter this year, and placing birds on our first accelerator farm. These critical initiatives, combined with the successful implementation of our strategic pricing actions and our continued strong brand loyalty, have enabled us to raise our full-year revenue guidance. As we continue to build America’s most trusted food company, our commitment to ethical food production and sustainable growth remains unwavering, and we believe we’re well-positioned to achieve our $1 billion revenue target by 2027.”