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Vital Farms(VITL) - 2022 Q2 - Earnings Call Presentation
2022-08-06 17:34
VITAL FARMS, INC. (NASDAQ: VITL) August 4, 2022 Corporate Presentation REPORTING DISCLAIMER This presentation contains, in addition to historical information, certain forward-looking statements, as defined in Private Securities Litigation Reform Act of 1995, that are based on our current assumptions, expectations and projections about future performance and events and relate to, among other matters, our future financial performance, our business strategy, industry and market trends, future expectations conc ...
Vital Farms(VITL) - 2022 Q2 - Quarterly Report
2022-08-04 11:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39411 Vital Farms, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0496985 ...
Vital Farms(VITL) - 2022 Q1 - Earnings Call Transcript
2022-05-07 06:30
Financial Data and Key Metrics Changes - In Q1 2022, the company achieved net revenue of $77.1 million, reflecting a 31.6% increase from the prior year period [7][27] - Adjusted EBITDA was $0.5 million, a decrease from $4.7 million in Q1 2021 [31] - Gross profit for the quarter was $21.7 million, representing 28.2% of net revenue, compared to 36.4% in Q1 2021 [28] Business Line Data and Key Metrics Changes - Egg-related sales continued to grow, driven by strong volume increases and distribution gains, while butter-related sales grew by 20% [28] - The company reported significant year-over-year growth in mainstream egg distribution, particularly in the Northeast region [21] Market Data and Key Metrics Changes - The company has seen a 36% year-on-year growth in household penetration over the past eight quarters, reaching over 6.5 million households [7][17] - The company has been the fastest growing brand in dollars within the entire egg category over the latest 52 weeks [8] Company Strategy and Development Direction - The company focuses on a stakeholder-driven business model, emphasizing sustainable practices and animal welfare [10] - The expansion of the Egg Central Station facility is expected to support over $650 million in annual revenue, with plans for further growth beyond that [14][15] - The company is exploring opportunities in poultry and dairy, aiming to apply its stakeholder model in these categories [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for products and the company's ability to navigate inflationary pressures [34][72] - The company anticipates that the price increases implemented in May will help offset inflation experienced in 2021 and early 2022 [62] Other Important Information - The company maintains a strong capital structure with $91.8 million in cash and no long-term debt [32] - The company is committed to creating high-quality jobs and enhancing its environmental, social, and governance practices through its operations [15][24] Q&A Session Summary Question: Future investments with ECS 2.0 - Management indicated that the expansion aligns with long-term planning and will not require substantial changes to the commercial approach [39] Question: Pricing impact on inflation - Management believes that the upcoming price increases will offset inflation experienced in 2021 and early 2022 [40] Question: Household penetration metrics - The company plans to report household penetration metrics on an annual basis to avoid quarterly noise [42] Question: Distribution expansion in the Northeast - The company is focusing on deeper distribution within existing retailers in the Northeast, leveraging a small team dedicated to this region [54] Question: Pricing and volume increase in the quarter - Volumes were up 31.6%, with approximately 1.6% attributed to price increases [61] Question: Gross margin pressure components - The gross margin pressure was primarily due to high commodity prices, particularly soy and corn, with expectations for margin improvement in Q2 and beyond [65]
Vital Farms(VITL) - 2022 Q1 - Earnings Call Presentation
2022-05-06 03:23
VITAL FARMS, INC. (NASDAQ: VITL) May 5, 2022 Corporate Presentation REPORTING DISCLAIMER Non-GAAP Financial Measures This presentation contains, in addition to historical information, certain forward-looking statements, as defined in Private Securities Litigation Reform Act of 1995, that are based on our current assumptions, expectations and projections about future performance and events and relate to, among other matters, our future financial performance, our business strategy, industry and market trends, ...
Vital Farms(VITL) - 2022 Q1 - Quarterly Report
2022-05-05 11:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39411 Vital Farms, Inc. (Exact name of registrant as specified in its charter) Delaware 27-049698 ...
Vital Farms(VITL) - 2021 Q4 - Earnings Call Transcript
2022-03-10 17:24
Vital Farms, Inc. (NASDAQ:VITL) Q4 2021 Earnings Conference Call March 10, 2022 8:30 AM ET Company Participants Matt Siler - Vice President, Investor Relations Russell Diez-Canseco - President and Chief Executive Officer Bo Meissner - Chief Financial Officer Conference Call Participants Chris Growe - Stifel Nicolaus Rob Dickerson - Jefferies Robert Moskow - Credit Suisse Adam Samuelson - Goldman Sachs Ken Zaslow - Bank of Montreal Brian Holland - Cowen & Company Operator Good day, and welcome to the Vital F ...
Vital Farms(VITL) - 2021 Q4 - Earnings Call Presentation
2022-03-10 13:30
VITAL FARMS, INC. (NASDAQ: VITL) March 10, 2022 Corporate Presentation REPORTING DISCLAIMER Non-GAAP Financial Measures This presentation contains, in addition to historical information, certain forward-looking statements, as defined in Private Securities Litigation Reform Act of 1995, that are based on our current assumptions, expectations and projections about future performance and events and relate to, among other matters, our future financial performance, our business strategy, industry and market tren ...
Vital Farms(VITL) - 2021 Q4 - Annual Report
2022-03-10 12:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39411 Vital Farms, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0496985 (St ...
Vital Farms(VITL) - 2021 Q3 - Earnings Call Transcript
2021-11-09 15:48
Vital Farms, Inc. (NASDAQ:VITL) Q3 2021 Earnings Conference Call November 9, 2021 8:30 AM ET Company Participants Matt Siler - VP, IR Russell Diez-Canseco - President & CEO Bo Meissner - CFO Conference Call Participants Pamela Kaufman - Morgan Stanley Adam Samuelson - Goldman Sachs Matt Fishbein - Jefferies Jacob Nivasch - Credit Suisse Matthew Smith - Stifel, Nicolaus Ken Zaslow - Bank of Montreal Operator Good day and thank you for standing by and welcome to Vital Farms Third Quarter 2021 Earnings Confere ...
Vital Farms(VITL) - 2021 Q3 - Earnings Call Presentation
2021-11-09 14:29
Vital Vital Farms, Inc. (NASDAQ: VITL) November 9, 2021 Corporate Presentation 1 REPORTING DISCLAIMER This presentation contains, in addition to historical information, certain forward-looking statements, as defined in Private Securities Litigation Reform Act of 1995, that are based on our current assumptions, expectations and projections about future performance and events and relate to, among other matters, our future financial performance, our business strategy, industry and market trends, future expecta ...