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.
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.
Vital Farms (Nasdaq: VITL) has received four prestigious awards acknowledging its commitment to ethical food production in 2023. These include recognition from Fast Company as a brand that matters due to its sustainability and innovative features, Whole Foods' Top 10 Food Trends for 2023 showcasing its new Restorative eggs, and the Progressive Grocer IMPACT Awards for workforce development initiatives. Additionally, Vital Farms was honored by Texan by Nature as a TxN 20 Honoree, highlighting its conservation efforts and influence on industry standards since its inception in 2007. The company continues its mission to provide ethically produced food while maintaining strong community values.
Austin-based Vital Farms has been recognized by Numerator in their inaugural "Brands to Watch in 2023" list as a top-performing brand in the Consumer Packaged Goods sector. The company ranks among the Top 10 Mid-Market CPG brands, achieving over 50 percent sales growth compared to 2021, with revenue between $100 million and $1 billion. Vital Farms is known for its commitment to ethical food production and humane treatment of animals, sourcing from over 300 family farms. Their product range includes shell eggs, butter, and hard-boiled eggs, available in over 22,000 stores nationwide.
Vital Farms reported record third-quarter net revenue of $92.0 million, reflecting a 42.4% increase year-over-year. The company's net income reached $0.7 million, with Adjusted EBITDA rising to $5.2 million, compared to $0.2 million in the prior year. Strong performance was driven by a 28% volume growth in egg-related sales and improved gross margin at 32.0%. The firm maintains its fiscal 2022 guidance for revenues over $340 million and Adjusted EBITDA exceeding $13 million, while noting potential challenges from inflationary pressures and supply chain constraints.
Vital Farms (Nasdaq: VITL) has been awarded the title of “Green Plant of the Year 2022” for its facility, Egg Central Station (ECS), which emphasizes sustainable practices in its operations. ECS, located in Springfield, MO, has implemented numerous eco-friendly features, including energy-efficient technologies and rainwater recycling systems. The company collaborates closely with over 300 family farms, reinforcing its commitment to the humane treatment of animals and environmental stewardship. This recognition highlights Vital Farms' dedication to inspiring sustainable manufacturing.
Vital Farms (Nasdaq: VITL) will announce its financial results for the third quarter ended September 25, 2022, on November 3, 2022, before market open. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results. Vital Farms, known for its ethical food production and pasture-raised eggs, has grown significantly since its inception in 2007, now working with over 300 small family farms. The company emphasizes sustainability and the humane treatment of animals, sold in over 21,500 stores nationwide.
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