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.
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Vital Farms reported a record first quarter net revenue of $147.9 million, up 24.1% compared to the prior year. The company raised its fiscal year 2024 outlook and announced plans for a new egg washing and packing facility in Indiana. Gross margin expanded to 39.8%, net income increased to $19.0 million, and adjusted EBITDA rose to $29.1 million. The company aims to achieve at least $1 billion in annual net revenue by 2027.
Vital Farms' Egg Central Station in Springfield, MO, has achieved LEED® Gold Certification for its expansion, showcasing the company's commitment to environmental sustainability. The facility processes up to 6 million eggs a day, supports over $300 million in revenue, and meets zero-waste-to-landfill production standards. Vital Farms aims to reduce operational greenhouse gas intensity by 25% by 2027.