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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 (Nasdaq: VITL) will announce its financial results for Q2 2021 on August 10, 2021, prior to market opening. A conference call will follow at 8:30 a.m. ET to discuss these results. Vital Farms is a leading brand of ethically produced pasture-raised foods, including eggs and butter, with a presence in over 16,500 stores across the U.S. The company is committed to sustainable practices and animal welfare, operating with over 200 small family farms since its inception in 2007.
AUSTIN, Texas, June 01, 2021 - Vital Farms (Nasdaq: VITL), a Certified B Corporation specializing in ethically produced pasture-raised foods, announces upcoming investor conference participation. Russell Diez-Canseco, CEO, and Bo Meissner, CFO, will engage in fireside chats at three events in June: Morgan Stanley Sustainable Futures Conference on June 10 at 1:15 p.m. ET, Oppenheimer Consumer Conference on June 16 at 3:45 p.m. ET, and Jefferies Consumer Conference on June 23 at 11:30 a.m. ET. These chats will be webcast live, with replays available for a limited time.
Austin-based Vital Farms (Nasdaq: VITL) announced that CEO Russell Diez-Canseco and CFO Bo Meissner will speak at two upcoming investor conferences in May 2021. The events include a fireside chat at the Goldman Sachs Global Staples Forum on May 18 at 4:20 p.m. ET and at the BMO Farm to Market Conference on May 20 at 10:40 a.m. ET. These discussions can be streamed live on Vital Farms' Investor Relations website, with replays available for 30 and 90 days post-event. Vital Farms is known for its ethically produced pasture-raised foods, partnering with over 200 family farms nationwide.
Vital Farms (Nasdaq: VITL) reported a 23% increase in net revenue for Q1 2021, totaling $58.5 million, up from $47.6 million year-over-year. Gross profit reached $21.3 million, reflecting a gross margin increase of over 300 basis points to 36.4%. The company raised its full-year EBITDA guidance to a range of $7 to $9 million. Retail distribution grew by 13% to over 16,500 stores, and household penetration for pasture-raised eggs rose to 4.1%. Vital Farms showed strong operational performance as it maintained a solid balance sheet with no debt.
Vital Farms (Nasdaq: VITL) will release its financial results for the first quarter ended March 28, 2021, on May 11, 2021, before market open. The company will host a conference call and webcast at 8:30 a.m. ET to discuss these results. As a Certified B Corporation, Vital Farms is recognized for its ethical production of pasture-raised foods, leading the U.S. market in sales of pasture-raised eggs and butter. The company partners with over 200 family farms and emphasizes humane treatment of animals and sustainable practices.
Vital Farms has appointed Joanne Bal as General Counsel, Corporate Secretary, and Head of Environmental, Social and Governance (ESG), effective April 26, 2021. In this newly established role, Bal will lead the company's legal strategy, compliance, and ESG initiatives, aimed at enhancing the firm's sustainability efforts. Bal brings over 25 years of legal experience from various industries, previously serving at Levi Strauss & Co. and Applied Materials. This appointment is expected to strengthen Vital Farms' governance and stakeholder engagement.
Vital Farms (VITL) reported a robust 52% increase in net revenue for fiscal year 2020, reaching $214.3 million, marking its third consecutive year of over 30% growth. The fourth quarter alone saw a 30% rise in revenue to $54 million, with a gross profit of $17.6 million and a margin of 32.6%. Despite operational losses, net income improved significantly from $3.3 million in 2019 to $8.8 million. Looking forward, the company anticipates 2021 revenue between $246-$253 million, reflecting growth expectations.
Vital Farms (VITL) announced the appointment of Matt Siler as Vice President of Investor Relations, effective March 8, 2021. With over 20 years of experience in finance and equity research, Siler will enhance the company’s communications with institutional investors and analysts. He previously served at R5 Capital, where he was a founding partner, and has held roles at notable financial institutions, including Deutsche Bank. Vital Farms continues to grow as a leading brand of ethically produced pasture-raised foods, collaborating with over 200 family farms across the U.S.
Vital Farms (Nasdaq: VITL) will announce its financial results for Q4 and the fiscal year ended December 27, 2020, on March 24, 2021, prior to market opening. A conference call will follow at 8:30 a.m. ET to discuss these results. The company, known for its ethical pasture-raised foods, operates over 200 family farms nationwide and leads in retail sales of pasture-raised eggs and butter. As a Certified B Corporation, Vital Farms emphasizes humane treatment of animals and sustainable practices.
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