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, Inc. (Nasdaq: VITL) is a Certified B Corporation and Delaware public benefit corporation that focuses on pasture-raised eggs and related egg-based foods. Started on a single farm in Austin, Texas in 2007, the company has become a national consumer brand working with more than 500, and in some disclosures 575, family farms. Its products, including shell eggs, butter, hard-boiled eggs, and liquid whole eggs, are sold in tens of thousands of retail stores and used by hundreds of foodservice operators across the United States.
The VITL news feed highlights company developments that matter to investors and followers of the ethical food and consumer staples sectors. Regular news items include quarterly financial results, updates on long-term revenue targets, and details on capacity expansions such as the Seymour, Indiana facility known as Vital Crossroads (VXR) and additional production lines at Egg Central Station in Springfield, Missouri. These updates provide insight into how Vital Farms is scaling its supply chain while maintaining its focus on animal welfare and sustainable farming practices.
News coverage also features participation in investor conferences, investor days, and communications about the company’s strategic priorities. In addition, Vital Farms occasionally announces marketing campaigns tied to its pasture-raised eggs, such as a one-time batch of dog treats made with Vital Farms eggs to celebrate working dogs on family farms and in homes, which the company notes is not a new retail category.
By following Vital Farms news, readers can see how management describes demand trends for its pasture-raised products, the growth of its family farm network, and the investments it makes in processing capacity and digital systems. For ongoing context on VITL, this page aggregates these announcements in one place.
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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.
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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.
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