Welcome to our dedicated page for Vital Farms news (Ticker: VITL), a resource for investors and traders seeking the latest updates and insights on Vital Farms stock.
Vital Farms (VITL) provides transparent access to all official news and press releases for this leader in ethical food production. This centralized resource delivers verified updates on corporate developments, operational milestones, and industry leadership in sustainable agriculture.
Investors and stakeholders can efficiently track material events including quarterly earnings disclosures, sustainability initiatives, farm partnership expansions, and product innovation announcements. Each update reflects the company’s commitment to conscious capitalism and pasture-raised animal welfare standards.
The news collection serves as a strategic monitoring tool for understanding VITL’s market position within the ethical food sector. Content spans regulatory filings, leadership updates, supply chain developments, and third-party recognitions that demonstrate industry influence.
Bookmark this page for direct access to primary source information about Vital Farms’ growth as a publicly traded company committed to redefining food production ethics. Regular updates ensure timely awareness of developments impacting both financial performance and agricultural sustainability.
Vital Farms, a Certified B Corporation known for ethically produced foods, will release its financial results for the first quarter on May 4, 2023, before market open. The results will reflect the performance ending on March 26, 2023.
A conference call and webcast will follow at 8:30 a.m. ET on the same day. Participants can register for the call via the provided link. The event will also be available for replay on the company's Investor Relations website.
Vital Farms has established itself as a leading U.S. brand in pasture-raised eggs and operates with over 300 family farms, focusing on sustainable practices and humane treatment of farm animals. Its products are distributed across 22,000 stores nationwide.
Vital Farms (Nasdaq: VITL) reported record fourth-quarter net revenue of $110.1 million, marking a 42.2% increase year-over-year. For fiscal year 2022, net revenue rose 38.8% to $362.1 million, with net income of $1.2 million. The company attributes its robust performance to a 27% volume gain driven by egg sales and distribution expansion. Adjusted EBITDA for Q4 was $6.9 million, compared to $(2.0) million in Q4 2021. Management expects fiscal year 2023 net revenue exceeding $450 million and adjusted EBITDA over $30 million.
Vital Farms (Nasdaq: VITL) will release its financial results for Q4 and the fiscal year ending December 25, 2022, on March 9, 2023, before market opening. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the outcomes. Vital Farms, a Certified B Corporation, focuses on ethical food production and leads the market in pasture-raised eggs with over 300 family farms involved. Their products are sold in more than 22,000 stores across the U.S. and available through various foodservice operators. For future updates, investors can visit Vital Farms' Investor Relations website.
Vital Farms has launched a partnership with Dot Foods, the largest food industry redistribution company in North America, to distribute its pasture-raised eggs nationally. This collaboration will enable Vital Farms to reach a network of 5,200 foodservice distributors across all 50 states for the first time. The partnership introduces three products tailored for foodservice: bulk cases of shell eggs, liquid eggs in a 'bag in box', and hard-boiled eggs in grab-and-go packaging. Vital Farms emphasizes ethical food production, with its standards exceeding the current cage-free requirements in several states.
Vital Farms launched the "Put an Egg on It" campaign on February 14, 2023, featuring a Valentine's Day ad and a contest for a lifetime supply of eggs. The initiative aims to address recent egg shortages and rising prices, dubbed "egg-flation." CEO Russell Diez-Canseco emphasized transparency about industry challenges while promoting the company's ethical practices. The campaign will be showcased on platforms like Hulu and TikTok. Consumers can participate in the promotion by submitting creative egg proposal photos. Vital Farms, a leading brand in pasture-raised eggs, collaborates with over 300 family farms across the U.S.
Vital Farms has partnered with True Food Kitchen to incorporate its pasture-raised eggs into the restaurant's winter menus, enhancing the dining experience across the U.S. This collaboration aims to promote ethically sourced ingredients, with dishes like breakfast tacos and smoked gouda quiche. With over 300 family farms involved, Vital Farms emphasizes its commitment to sustainable practices and animal welfare. True Food Kitchen, known for wellness-driven dining, will feature these eggs in various chef-driven dishes, reflecting shared values of quality and integrity. More menu items and promotions are expected later this spring.
Vital Farms announces the appointment of Thilo Wrede as the new Chief Financial Officer (CFO), effective March 15, 2023, succeeding Bo Meissner, who played a significant role in the company's public debut and early growth. Wrede has extensive experience, including a prior role as Global CFO at Sabra Dipping Company and leadership positions at PepsiCo. His addition aims to propel Vital Farms in expanding its product range beyond eggs and butter while maintaining its commitment to ethical food production. The transition will ensure continuity as Meissner departs after overseeing the fourth quarter 2022 reporting period.
FAQ
What is the current stock price of Vital Farms (VITL)?
What is the market cap of Vital Farms (VITL)?
