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/.
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.
Vital Farms (Nasdaq: VITL) has launched a new brand campaign, “Keeping it Bullsh*t-Free,” aimed at challenging misleading food labeling practices and advocating for ethical treatment of animals. This initiative showcases the company’s commitment to transparency and stakeholder engagement. The campaign features storytelling elements highlighting the company’s sustainable farming practices and humane treatment of animals. It will roll out across various digital platforms, continuing the narrative established by previous successful campaigns. Vital Farms is recognized as a leader in pasture-raised eggs and operates with over 300 family farms nationwide.
Vital Farms announces the exclusive availability of Restorative pasture-raised eggs at select Whole Foods Market stores nationwide. Produced using regenerative agriculture principles, these eggs aim to enhance soil health and biodiversity. Vital Farms has transitioned five farms to these practices in collaboration with Understanding Ag. The new cartons are partially made from eco-friendly materials, reflecting the company’s commitment to sustainability. This marks a significant step in the company’s ongoing journey towards innovative and responsible farming.
Vital Farms (VITL) reported a record net revenue of $82.9 million for Q2 2022, marking a 37.4% increase year-over-year. The company achieved a net income of $0.2 million with Adjusted EBITDA of $3.7 million. Despite challenges from rising input and operational costs, the brand maintained its strong market position, outpacing competitors in the egg category. Looking ahead, Vital Farms is projecting net revenue exceeding $340 million for FY 2022, a 30% increase, alongside an expectation of Adjusted EBITDA surpassing $13 million for the year.
Vital Farms (Nasdaq: VITL) will report its Q2 financial results for the period ended June 26, 2022, on August 4, 2022, before the market opens. A conference call to discuss these results will occur at 8:30 a.m. ET on the same day. Vital Farms is recognized as a leading brand in pasture-raised eggs and is committed to ethical food production through its collaboration with nearly 300 family farms across the U.S. The company, founded in 2007, emphasizes humane treatment of animals and sustainable practices, selling its products in over 21,000 stores nationwide.
Vital Farms announced the expansion of its Egg Central Station facility in Springfield, Missouri, increasing its size to 150,000 square feet. This expansion is projected to generate over $300 million in additional revenue and create more than 50 high-quality jobs. The facility’s upgrades focus on sustainability, featuring LEED Silver Certification and solar panels to decrease electricity use and greenhouse gas emissions. The expansion reflects the company’s commitment to ethical food production and long-term stakeholder benefits.
AUSTIN, Texas, May 10, 2022 - Vital Farms (Nasdaq: VITL) announced participation in two investor conferences. On May 24, the company will take part in the Credit Suisse Halo Investment Summit with a panel discussion at 12:25 p.m. ET. On May 25, they will host a fireside chat at the Cowen Future of the Consumer Conference starting at 8:40 a.m. ET. Both events will be available for live streaming on Vital Farms' Investor Relations site. Established in 2007, Vital Farms is a Certified B Corporation focused on humane farming practices and is the leading U.S. brand of pasture-raised eggs.
Vital Farms reported a strong first quarter for 2022 with net revenue surpassing $77 million, marking a 31.6% increase from the previous year. Despite a net loss of $1.5 million, the company achieved Adjusted EBITDA of $0.5 million. Growth was driven by rising egg-related sales and expanded retail distribution. Management maintains fiscal year 2022 guidance, projecting over $340 million in net revenue, reflecting a planned 30% increase. The company highlights robust demand and aims to navigate cost challenges while enhancing output.
FAQ
What is the current stock price of Vital Farms (VITL)?
What is the market cap of Vital Farms (VITL)?
What products does Vital Farms offer?
Where can I buy Vital Farms products?
What is Conscious Capitalism?
What is special about Vital Farms' pasture-raised eggs?
How does Vital Farms ensure the quality of its butter?
What sustainability practices does Vital Farms follow?
Are Vital Farms products certified organic?
What is the Egg Central Station (ECS)?
What is the Southern Smoke Foundation?
How can I learn more about Vital Farms?
