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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/.
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.
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