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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/.

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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.

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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.

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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.

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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.

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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.

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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.

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Vital Farms (Nasdaq: VITL) will report its first-quarter financial results for the period ending March 27, 2022, on May 5, 2022, before the market opens. A conference call and webcast will follow at 8:30 a.m. ET to discuss these results. The company, a Certified B Corporation, is the leading U.S. brand of pasture-raised eggs, partnering with over 275 family farms across the nation. Vital Farms emphasizes ethical farming and sustainable practices, offering products like shell eggs and butter in over 20,900 stores nationwide.

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Vital Farms (Nasdaq: VITL) has launched True Blues, a new carton of heirloom blue eggs, at select Whole Foods Market locations in the Southern Pacific and Northeast regions. Priced at $9.99 per dozen, these Certified Humane® eggs are produced by pasture-raised hens and are aimed at bringing novelty to consumers’ kitchens. The launch includes availability at 100 Whole Foods Market outlets, with plans for further expansion. This addition complements Vital Farms' existing range of premium egg products.

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Vital Farms reported a record fourth quarter net revenue of $77.4 million, a significant increase of 43.4% year-over-year. For the fiscal year 2021, net revenue reached $260.9 million, climbing 21.8% from the previous year. However, the company faced challenges with a net loss of $3.6 million in Q4, worsening from $0.8 million in the prior year. The initial outlook for fiscal year 2022 projects net revenue exceeding $340 million, representing a 30% growth. Despite gross profit growth, input cost increases pressured margins, resulting in a cautionary tone amid economic uncertainties.

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FAQ

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

The current stock price of Vital Farms (VITL) is $28.5 as of November 14, 2024.

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

The market cap of Vital Farms (VITL) is approximately 1.3B.

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

1.26B
43.79M
34.08%
76.97%
22.34%
Farm Products
Food and Kindred Products
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United States of America
AUSTIN