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Vital Farms, Inc. (VITL)
:VITL
Holding VITL?
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2020
|% Change Since: 22.08%
|Next Earnings Date:Sep 10, 2020
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue and EBITDA growth, improved margins, and strategic expansions, although it noted challenges in production capacity and increased operational expenses. The company's positive trajectory and strategic initiatives indicate a robust outlook.Company Guidance
In the third-quarter 2024 earnings call for Vital Farms, the company raised its guidance for the fiscal year, citing strong financial performance. Net revenue for the quarter increased by 31.3% to $145 million, with a year-to-date sales growth of 31%. Volume increased by 25% compared to the previous year. Gross margins improved by 368 basis points to 36.9% for the quarter, and year-to-date gross margin reached 38.6%. Adjusted EBITDA for the quarter rose by 64.5% to $15.2 million, with a year-to-date adjusted EBITDA of $67.6 million, nearly doubling last year's results. The adjusted EBITDA margin increased to 10.5% for the quarter and 15.3% year-to-date. The company also expanded its distribution points in both natural and food channels, with a 17.3% and 20.2% increase, respectively. Vital Farms now operates over 375 family farms and is on track to open a new facility in Indiana by late 2026. The company aims to reach a net revenue target of $1 billion by 2027, with ECS Springfield needing to reach its $800 million capacity potential. For the full fiscal year 2024, Vital Farms updated its guidance to at least $600 million in net revenue and at least $80 million in adjusted EBITDA.Strong Revenue Growth
Third quarter net revenue increased by 31.3% to $145 million. Year-to-date sales grew 31% with volume increasing by 25%.
Improved Gross Margins
Gross margin improved by 368 basis points to 36.9% in the quarter and 376 basis points to 38.6% for the first nine months.
Record Adjusted EBITDA Growth
Adjusted EBITDA for the third quarter was $15.2 million, up 64.5% from last year. Year-to-date adjusted EBITDA reached $67.6 million, nearly doubling last year's results.
Expansion in Distribution
Total distribution points increased by 17.3% in the natural channel and 20.2% in the food channel.
Butter Product Relaunch Success
Butter net revenue was up 5% in the third quarter, with velocities trending positively post-relaunch.
Strong Financial Position
Cash, cash equivalents, and investment securities totaled $163 million with no debt outstanding.
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VITL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VITL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $36.87 | $31.38 | -14.89% |
| Aug 08, 2024 | $34.72 | $31.50 | -9.27% |
| May 09, 2024 | $29.91 | $37.97 | +26.95% |
| Mar 07, 2024 | $19.00 | $19.90 | +4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vital Farms, Inc. (VITL) report earnings?
Vital Farms, Inc. (VITL) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Vital Farms, Inc. (VITL) earnings time?
Vital Farms, Inc. (VITL) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VITL EPS forecast?
VITL EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
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