Vital Farms(VITL)
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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 ...
Vital Farms(VITL) - 2021 Q3 - Quarterly Report
2021-11-09 12:31
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 September 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 27-04 ...
Vital Farms(VITL) - 2021 Q2 - Earnings Call Transcript
2021-08-10 18:43
Vital Farms, Inc. (NASDAQ:VITL) Q2 2021 Earnings Conference Call August 10, 2021 8:30 AM ET Company Participants Matt Siler - Vice President, Investor Relations Russell Diez-Canseco - President & Chief Executive Officer Bo Meissner - Chief Financial Officer Conference Call Participants Chris Growe - Stifel Pamela Kaufman - Morgan Stanley Adam Samuelson - Goldman Sachs Robert Moskow - Credit Suisse Ken Zaslow - Bank of Montreal Operator Good day and thank you for standing by. Welcome to the Vital Farms, Inc. ...
Vital Farms(VITL) - 2021 Q2 - Earnings Call Presentation
2021-08-10 18:28
Vital Vital Farms, Inc. (NASDAQ: VITL) August 10, 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 expectat ...
Vital Farms(VITL) - 2021 Q2 - Quarterly Report
2021-08-10 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 27, 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 ...
Vital Farms(VITL) - 2021 Q1 - Earnings Call Presentation
2021-05-11 18:18
EST. 2007 Vital Farms, Inc. (NASDAQ: VITL) May 11, 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 ...
Vital Farms(VITL) - 2021 Q1 - Earnings Call Transcript
2021-05-11 17:48
Vital Farms, Inc. (NASDAQ:VITL) Q1 2021 Earnings Conference Call May 11, 2021 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 Rob Dickerson - Credit Suisse Chris Growe - Stifel Adam Samuelson - Goldman Sachs Pamela Kaufman - Morgan Stanley Ken Zaslow - Bank of Montreal Jacob Nivasch - Credit Suisse Operator Good day and thank you for standing by. Wel ...
Vital Farms(VITL) - 2021 Q1 - Quarterly Report
2021-05-11 11:32
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 28, 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 27-049698 ...
Vital Farms(VITL) - 2020 Q4 - Earnings Call Transcript
2021-03-24 19:48
Financial Data and Key Metrics Changes - Net revenue for fiscal year 2020 increased by 52% to $214.3 million, with fourth quarter net revenue at $54 million, a 30% increase compared to Q4 2019 [12][49] - Gross profit for Q4 was $17.6 million, representing 33% of net revenue, compared to 24% in Q4 2019 [48] - Adjusted EBITDA loss for Q4 was $0.1 million, significantly improved from a loss of $4.7 million in Q4 2019 [48] - Full year adjusted EBITDA was $16.8 million, a 162% increase from $6.4 million in 2019 [54] Business Line Data and Key Metrics Changes - The company is the leading pasture-raised egg brand with over 80% dollar share of the U.S. pasture-raised egg market [13] - Household penetration for Vital Farms eggs reached 3.9%, a 50% increase over the prior year, with new purchasers up 55% [20] - Retail distribution expanded to over 16,000 stores, a 12% increase from the previous year [25] Market Data and Key Metrics Changes - Demand for outdoor access eggs increased by 33% in the mainstream channel and 20% in the natural channel [28] - The dollar share of the outdoor access segment increased to 27%, with the company contributing 55% of the growth in this segment [29] Company Strategy and Development Direction - The growth strategy focuses on increasing household penetration, expanding retail distribution, growing food service footprint, and innovating new ethical food products [19] - The company plans to invest in marketing to attract new households and engage loyal consumers [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth driven by a strong brand and consumer demand for ethically produced foods [40][42] - The company expects net revenues for 2021 to be in the range of $246 million to $253 million, representing growth of 15% to 18% over 2020 [55] Other Important Information - The company has a strong balance sheet with total cash and investable securities of $97.9 million and has paid off all current and long-term debt [55] - The facility expansion is on track to be completed by mid-2022, which will nearly double current square footage [33][100] Q&A Session Summary Question: Top line growth expectations for 2021 - Management indicated that while Q1 may show better consumption patterns, they expect a normalization of growth rates in the back half of the year [65][67] Question: Commodity cost inflation impact - Management explained that they adjust the price paid to farmers based on actual feed input costs, which helps insulate them from commodity price fluctuations [69][70] Question: SG&A expectations for 2021 - Management suggested that Q4 2020 could serve as a good basis for SG&A run rate, with expectations for continued investment in headcount [79] Question: Innovation and new product launches - Management indicated that future innovations will focus on value-added dairy products and will not venture into entirely new categories [82] Question: Balancing pricing and penetration amid commodity costs - Management emphasized a focus on top-line growth and building a trusted brand, with reluctance to increase prices significantly [94]
Vital Farms(VITL) - 2020 Q4 - Earnings Call Presentation
2021-03-24 18:49
Vital Vital Farms, Inc. (NASDAQ: VITL) March 24, 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 expectati ...