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Vital Farms, Inc. - VITL STOCK NEWS

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 an ethical food company committed to bringing ethically produced food to the table. Founded in 2007 on a single farm in Austin, Texas, Vital Farms has grown into a national consumer brand. The company works with over 300 family farms and is recognized as the leading U.S. brand of pasture-raised eggs by retail dollar sales.

Vital Farms specializes in the retail of pasture-raised eggs and butter, focusing on humane treatment of farm animals and sustainable farming practices. Their products include Pasture-Raised Eggs, Pasture-Raised Butter & Ghee, hard-boiled eggs, and liquid whole eggs. These products are available in approximately 24,000 stores nationwide and are also featured in menus at hundreds of foodservice operators across the country.

Each of the hens at Vital Farms enjoys at least 108 square feet of rotated pasture and forages outdoors year-round, resulting in highly nutritious and delicious eggs. Similarly, the cows producing milk for their butter are free to graze on pastures year-round. This milk is slow-churned in small batches to create butter that boasts 85% butterfat, making it one of the creamiest and highest-quality options available.

Vital Farms operates under the principles of Conscious Capitalism, prioritizing the well-being of their stakeholders which include farmers and suppliers, customers and consumers, communities and the environment, employees, and stockholders. In 2016, they were recognized as a Certified B Corporation, an acknowledgment of their commitment to social and environmental performance.

The company’s Egg Central Station (ECS) in Springfield, Missouri, was recently awarded the title of FOOD ENGINEERING’s 2023 Sustainable Plant of the Year. This facility processes up to 6 million eggs a day and is lauded for its energy efficiency and sustainability features, such as LED lighting, solar panels, and a best-in-class stormwater management system.

Vital Farms has also been active in community engagement and charitable efforts. They have recently collaborated with HomeState and Franklin Barbecue on a special breakfast taco initiative to raise funds for the Southern Smoke Foundation, a nonprofit supporting food and beverage industry workers.

For more information about Vital Farms, visit https://vitalfarms.com/.

Rhea-AI Summary
Vital Farms (Nasdaq: VITL) announces participation in investor conferences in January 2024. The President, CEO, and CFO will be available for 1x1 meetings and host fireside chats at the ICR Conference and Needham Growth Conference.
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Vital Farms' egg washing and packing facility, Egg Central Station (ECS), has been recognized as the 2023 Sustainable Plant of the Year by FOOD ENGINEERING magazine. The facility, which already operates as a zero-food-waste facility, has implemented features such as LED lighting, solar panels, and a stormwater management system to further enhance its energy efficiency and conservation efforts. Vital Farms aims to achieve zero-waste-to-landfill by the end of 2023.
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Vital Farms reported a 20% increase in net revenue for the third quarter of 2023, reaching $110.4 million. The company also achieved a net income of $4.5 million and an adjusted EBITDA of $9.3 million. Vital Farms' strong performance is attributed to the growing popularity of its ethically produced foods.
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HomeState, Franklin Barbecue, and Vital Farms are teaming up to bring a limited-time breakfast taco called 'The Franklin' to Los Angeles in honor of HomeState's 10th birthday. The taco features Franklin Barbecue's chopped brisket, Vital Farms pasture-raised scrambled eggs, cheddar cheese, and Chile de Arbol salsa. $1 from every Franklin ordered will be donated to the Southern Smoke Foundation, with Vital Farms matching HomeState's donation up to $10,000.
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Vital Farms to report Q3 2023 financial results on November 2, 2023
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Vital Farms sets $1 billion net revenue target for 2027, maintains 2023 net revenue and adjusted EBITDA forecast.
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Vital Farms earns Regenified™ verification for Restorative Eggs, contributing to incremental growth
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Vital Farms will host an Analyst Day on Sept. 19, 2023, to provide updates on the business and long-term financial targets. The event will be held in Austin, TX, and will include a webcast and presentation. Interested participants can register to attend in-person or virtually.
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Vital Farms reports Q2 net revenue of $106.4 million, up 28.4% YoY. Raises 2023 net revenue and Adjusted EBITDA forecast. Net income of $6.7 million. Gross profit of $37.8 million. Adjusted EBITDA of $11.3 million. Cash, cash equivalents, and marketable securities of $93.5 million. Expects net revenue of over $465 million and Adjusted EBITDA of over $35 million for FY 2023.
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FAQ

What is the current stock price of Vital Farms (VITL)?

The current stock price of Vital Farms (VITL) is $33.435 as of September 20, 2024.

What is the market cap of Vital Farms (VITL)?

The market cap of Vital Farms (VITL) is approximately 1.4B.

What products does Vital Farms offer?

Vital Farms offers pasture-raised eggs, pasture-raised butter & ghee, hard-boiled eggs, and liquid whole eggs.

Where can I buy Vital Farms products?

Vital Farms products are available in approximately 24,000 stores nationwide and on the menus of hundreds of foodservice operators.

What is Conscious Capitalism?

Conscious Capitalism is a business philosophy that prioritizes the long-term benefits and well-being of all stakeholders, including the environment, community, employees, and customers.

What is special about Vital Farms' pasture-raised eggs?

Vital Farms' hens enjoy at least 108 square feet of rotated pasture and forage outdoors year-round, resulting in highly nutritious and delicious eggs.

How does Vital Farms ensure the quality of its butter?

Vital Farms produces butter from cows that are pasture-raised and 90% grass-fed. The milk is slow-churned in small batches to create butter with 85% butterfat.

What sustainability practices does Vital Farms follow?

Vital Farms incorporates energy-efficient features like LED lighting, solar panels, and stormwater management systems, and aims to achieve zero-waste-to-landfill by the end of 2023.

Are Vital Farms products certified organic?

While not all Vital Farms products are certified organic, they are ethically produced with a focus on humane treatment of animals and sustainable farming practices.

What is the Egg Central Station (ECS)?

Egg Central Station (ECS) is Vital Farms' facility in Springfield, Missouri, known for processing up to 6 million eggs a day and being recognized for its sustainability features.

What is the Southern Smoke Foundation?

The Southern Smoke Foundation is a nonprofit organization that supports food and beverage industry workers through emergency relief funding and mental health services.

How can I learn more about Vital Farms?

You can learn more about Vital Farms by visiting their official website at https://vitalfarms.com/.

Vital Farms, Inc.

Nasdaq:VITL

VITL Rankings

VITL Stock Data

1.42B
43.10M
34.4%
73%
10.27%
Farm Products
Food and Kindred Products
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United States of America
AUSTIN