Vital Farms, Inc. Stock Price, News & Analysis

Vital Farms (Nasdaq: VITL) reported a 23% increase in net revenue for Q1 2021, totaling $58.5 million, up from $47.6 million year-over-year. Gross profit reached $21.3 million, reflecting a gross margin increase of over 300 basis points to 36.4%. The company raised its full-year EBITDA guidance to a range of $7 to $9 million. Retail distribution grew by 13% to over 16,500 stores, and household penetration for pasture-raised eggs rose to 4.1%. Vital Farms showed strong operational performance as it maintained a solid balance sheet with no debt.

Vital Farms (Nasdaq: VITL) will release its financial results for the first quarter ended March 28, 2021, on May 11, 2021, before market open. The company will host a conference call and webcast at 8:30 a.m. ET to discuss these results. As a Certified B Corporation, Vital Farms is recognized for its ethical production of pasture-raised foods, leading the U.S. market in sales of pasture-raised eggs and butter. The company partners with over 200 family farms and emphasizes humane treatment of animals and sustainable practices.

Vital Farms has appointed Joanne Bal as General Counsel, Corporate Secretary, and Head of Environmental, Social and Governance (ESG), effective April 26, 2021. In this newly established role, Bal will lead the company's legal strategy, compliance, and ESG initiatives, aimed at enhancing the firm's sustainability efforts. Bal brings over 25 years of legal experience from various industries, previously serving at Levi Strauss & Co. and Applied Materials. This appointment is expected to strengthen Vital Farms' governance and stakeholder engagement.

Vital Farms (VITL) reported a robust 52% increase in net revenue for fiscal year 2020, reaching $214.3 million, marking its third consecutive year of over 30% growth. The fourth quarter alone saw a 30% rise in revenue to $54 million, with a gross profit of $17.6 million and a margin of 32.6%. Despite operational losses, net income improved significantly from $3.3 million in 2019 to $8.8 million. Looking forward, the company anticipates 2021 revenue between $246-$253 million, reflecting growth expectations.

Vital Farms (VITL) announced the appointment of Matt Siler as Vice President of Investor Relations, effective March 8, 2021. With over 20 years of experience in finance and equity research, Siler will enhance the company’s communications with institutional investors and analysts. He previously served at R5 Capital, where he was a founding partner, and has held roles at notable financial institutions, including Deutsche Bank. Vital Farms continues to grow as a leading brand of ethically produced pasture-raised foods, collaborating with over 200 family farms across the U.S.

Vital Farms (Nasdaq: VITL) will announce its financial results for Q4 and the fiscal year ended December 27, 2020, on March 24, 2021, prior to market opening. A conference call will follow at 8:30 a.m. ET to discuss these results. The company, known for its ethical pasture-raised foods, operates over 200 family farms nationwide and leads in retail sales of pasture-raised eggs and butter. As a Certified B Corporation, Vital Farms emphasizes humane treatment of animals and sustainable practices.

Vital Farms has launched a new brand campaign titled “Where Honest Food is Raised” to enhance its commitment to transparency and ethical food production. Announced on January 19, 2021, this campaign emphasizes the humane treatment of animals and the traceability of its products. Featuring digital videos on various platforms, it highlights Vital Farms' pasture-raised eggs, butter, and Egg Bites. The company, a Certified B Corporation, collaborates with over 200 family farms and is a leader in the U.S. pasture-raised foods market.

Vital Farms (Nasdaq: VITL) has been recognized as one of the 2021 “Top Impact Companies” by Real Leaders, ranking 10th on their global list. This acknowledgment highlights companies addressing social and environmental challenges. CEO Russell Diez-Canseco stated that their approach prioritizes stakeholders' interests, reflecting their commitment to Conscious Capitalism. This places Vital Farms among esteemed brands like Tesla and Beyond Meat. Founded in 2007, Vital Farms is a leading U.S. brand known for its pasture-raised products, sold in around 16,000 stores nationwide.