Vital Farms (VITL) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 71.43%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.43, delivering a surprise of 86.96%. Over the last four quarters, the company has ...

Core Insights - Vital Farms reported a second quarter net revenue of $147.4 million, representing a 38.5% increase compared to the same period last year [1][2] - The company raised its fiscal year 2024 outlook, expecting net revenue of at least $590 million, which is a 25% growth from fiscal year 2023 [12] - Vital Farms plans to establish a new state-of-the-art egg washing and packing facility in Seymour, Indiana, aimed at enhancing growth and meeting future demand [1][14] Financial Performance - Net revenue increased by 38.5% to $147.4 million in Q2 2024, up from $106.4 million in Q2 2023, driven by a 35.8% volume gain and price/mix benefits [2][4] - Gross margin expanded by 362 basis points to 39.1% in Q2 2024, compared to 35.5% in the prior year [2][5] - Net income rose to $16.3 million in Q2 2024, compared to $6.7 million in the same quarter last year, with net income per diluted share increasing to $0.36 from $0.15 [7][2] Operational Highlights - Adjusted EBITDA for Q2 2024 was $23.3 million, or 15.8% of net revenue, compared to $11.3 million, or 10.7% of net revenue in Q2 2023 [8][29] - The company’s cash, cash equivalents, and marketable securities totaled $152.7 million as of June 30, 2024, with no outstanding debt [10] - Capital expenditures for the 26-week period ended June 30, 2024, were $6.9 million, up from $4.3 million in the same period last year [11] Future Outlook - The company anticipates adjusted EBITDA of at least $75 million for fiscal year 2024, reflecting a growth of at least 55% compared to fiscal year 2023 [12] - The new egg washing and packing facility in Seymour, Indiana, is expected to create at least 150 jobs and support approximately 165 additional family farms [15][14] - Vital Farms aims to reach a target of $1 billion in net revenue by 2027, supported by the new facility and an expanding network of over 350 family farms [1][15]

As Vital Farms, Inc. (VITL) prepares to release its second-quarter 2024 earnings report on Aug 8 before the opening bell, anticipation is building around the company's potential for substantial revenue growth. Several strategic initiatives and trends suggest that Vital Farms is poised for a strong performance. With a commitment to ethical food production and high-quality, pasture-raised products, Vital Farms has established a distinctive position in the competitive food industry. The Zacks Consensus Estimat ...

Company Overview - Vital Farms is set to announce its earnings on August 8, 2024, with projected earnings of $0.21 per share, reflecting a year-over-year growth of 40% [1] - The consensus estimate for revenue is $143.75 million, indicating a 35.04% increase compared to the same quarter of the previous year [1] - For the entire year, the Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $589.53 million, representing changes of +66.1% and +24.94%, respectively, compared to the previous year [8] Stock Performance - Prior to today's trading, shares of Vital Farms had decreased by 22.77% over the past month, underperforming the Consumer Staples sector's gain of 3.33% and the S&P 500's loss of 0.21% [3] - The stock closed at $36.82, showing a +1.94% change from the previous session, which was greater than the S&P 500's daily gain of 0.08% [7] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Vital Farms indicate a favorable outlook on the company's business health and profitability [4] - Vital Farms holds a Forward P/E ratio of 36.95, which is a premium compared to its industry's Forward P/E of 16.92 [5] - The Zacks Rank system currently rates Vital Farms as 1 (Strong Buy), with a consensus EPS projection that has moved 2.36% higher in the past 30 days [9] Industry Context - The Food - Miscellaneous industry, part of the Consumer Staples sector, currently has a Zacks Industry Rank of 200, placing it in the bottom 21% of all 250+ industries [10]

Vital Farms, Inc. (NASDAQ:VITL), a small-cap staples stock, has been quietly building a name for itself as it attempts to disrupt the traditional US food system by prioritizing sustainable business and farming practices that eventually result in more ethical food reaching US households. It looks like the market can't get enough of VITL as the stock has already tripled in value, even though we are only seven months into the year (although there has been some correction in July). Despite the recent correction ...

Group 1 - Vital Farms is expected to report revenues of $143.75 million, reflecting a 35% increase from the same quarter last year [3] - The consensus EPS estimate for Vital Farms indicates a likely earnings beat, supported by a positive Earnings ESP of +1.18% [9][10] - The company has a strong earnings surprise history, having beaten consensus EPS estimates in the last four quarters [28] Group 2 - Kraft Heinz is projected to post earnings of $0.73 per share, which represents a year-over-year decline of 7.6%, with revenues expected to be $6.54 billion, down 2.8% from the previous year [13] - The consensus EPS estimate for Kraft Heinz has been revised 0.8% lower over the last 30 days, but a higher Most Accurate Estimate has resulted in an Earnings ESP of 0.25% [24] - Kraft Heinz has also beaten consensus EPS estimates in each of the trailing four quarters, but its current Zacks Rank of 4 (Sell) complicates predictions for an earnings beat [30]

Core Insights - Vital Farms (VITL) is positioned to continue its earnings-beat streak, having achieved an average surprise of 54.19% over the last two quarters [1][3] Earnings Performance - In the last reported quarter, Vital Farms posted earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, resulting in a surprise of 86.96% [2] - In the previous quarter, the company was expected to earn $0.14 per share but reported $0.17 per share, delivering a surprise of 21.43% [2] Earnings Estimates - Recent estimates for Vital Farms have been trending upward, with a positive Earnings ESP of +1.18%, indicating bullish sentiment among analysts regarding the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of another earnings beat [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5]

In the latest trading session, Vital Farms (VITL) closed at $39, marking a -1.02% move from the previous day. This move lagged the S&P 500's daily gain of 1.08%. At the same time, the Dow added 0.32%, and the techheavy Nasdaq gained 1.58%. Analysts and investors alike will be keeping a close eye on the performance of Vital Farms in its upcoming earnings disclosure. On that day, Vital Farms is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 40%. At the same tim ...

Vital Farms (VITL) closed the most recent trading day at $42.68, moving -1.3% from the previous trading session. This move lagged the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.4%. Investors should also note any recent changes to analyst estimates for Vital Farms. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the com ...

Vital Farms (VITL) closed the latest trading day at $43.24, indicating a -1.93% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.63%. Market participants will be closely following the financial results of Vital Farms in its upcoming release. The company is expected to report EPS of $0.22, up 46.67% from the prior-year quarter. Our most recent consensus estimate is calling ...