Reaffirms Fiscal Year 2025 Outlook of $740 Million in Net Revenue and $100 Million in Adjusted EBITDA On Track to Reach $1 Billion Net Revenue Target in 2027 Vital Farms Reports First Quarter 2025 Financial Results Record First Quarter Net Revenue of $162.2 Million, Up 9.6% Versus Prior Year Period "We delivered first quarter results that were in-line with our overall expectations and made good progress on our key 2025 strategic initiatives, said Russell Diez-Canseco, Vital Farms' President and Chief Execut ...

Core Insights - Vital Farms reported a record first quarter net revenue of $162.2 million, representing a 9.6% increase compared to the prior year period [1][3][6] - The company reaffirmed its fiscal year 2025 outlook, targeting $740 million in net revenue and $100 million in adjusted EBITDA, while remaining on track to achieve a $1 billion net revenue target by 2027 [1][12][15] Financial Performance - Net revenue for the first quarter increased to $162.2 million from $147.9 million, driven by price/mix benefits of $12.4 million and volume-related growth of $1.9 million [3][6] - Gross profit was $62.5 million, or 38.5% of net revenue, compared to $58.9 million, or 39.8% of net revenue in the prior year [4][6] - Income from operations decreased to $21.8 million from $24.2 million, attributed to higher crew member investments [5][6] - Net income was $16.9 million, down from $19.0 million, with net income per diluted share at $0.37 compared to $0.43 in the prior year [7][6] - Adjusted EBITDA was $27.5 million, or 16.9% of net revenue, down from $29.1 million, or 19.7% of net revenue in the prior year [8][6] Operational Highlights - The company has maintained 20 consecutive quarters of year-over-year volume and net revenue growth since its IPO in 2020, with a three-year net revenue CAGR of 28% [2][12] - Vital Farms expanded its network to over 450 family farmers and is on track with internal capacity expansion plans, including a new egg washing and packing line in Missouri [2][12] - The butter business saw a significant growth of 41% in net sales compared to the prior year, benefiting from increased consumer awareness [2][12] Capital Expenditures and Cash Flow - Capital expenditures for the first quarter totaled $3.1 million, up from $1.3 million in the prior year [11] - Cash, cash equivalents, and marketable securities were $161.3 million as of March 30, 2025, with no outstanding debt [10][12] Fiscal Year 2025 Outlook - The company expects net revenue of at least $740 million, representing a minimum of 22% growth versus fiscal year 2024, and adjusted EBITDA of at least $100 million, reflecting at least 15% growth [15][12] - Capital expenditures are projected to be in the range of $50 million to $60 million, focusing on new facilities and digital transformation projects [15][12]

Core Viewpoint - Vital Farms (VITL) has shown a strong performance recently, with shares returning +8.3% over the past month, contrasting with the S&P 500's -0.5% and the Zacks Food - Miscellaneous industry's -4.2% [1] Earnings Estimates Revisions - Vital Farms is expected to post earnings of $0.26 per share for the current quarter, reflecting a year-over-year decline of -39.5% [4] - The consensus earnings estimate for the current fiscal year is $1.23, indicating a +4.2% change from the previous year [4] - For the next fiscal year, the consensus estimate of $1.50 suggests a +22.3% increase compared to the prior year [5] - The Zacks Consensus Estimate has seen a slight decrease of -0.9% for the current quarter and -0.2% for the current fiscal year over the last 30 days [4][5] Revenue Growth Projections - The consensus sales estimate for the current quarter is $162.62 million, representing a year-over-year increase of +9.9% [10] - For the current fiscal year, the revenue estimate is $740.79 million, indicating a +22.2% change, while the next fiscal year's estimate of $877.65 million reflects an +18.5% change [10] Last Reported Results and Surprise History - In the last reported quarter, Vital Farms achieved revenues of $165.99 million, a +22.2% increase year-over-year, and an EPS of $0.23 compared to $0.17 a year ago [11] - The company exceeded the Zacks Consensus Estimate for revenues by +3.6% and for EPS by +53.33% [11] - Vital Farms has consistently beaten consensus EPS and revenue estimates in the last four quarters [12] Valuation - Vital Farms has a Zacks Value Style Score of D, indicating it is trading at a premium compared to its peers [16] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [14][16] Conclusion - The Zacks Rank of 3 suggests that Vital Farms may perform in line with the broader market in the near term [17]

Group 1 - Vital Farms (VITL) closed at $33.83, with a +0.56% change, lagging behind the S&P 500's daily gain of 0.58% [1] - Over the past month, shares of Vital Farms gained 10.4%, outperforming the Consumer Staples sector's loss of 0.35% and the S&P 500's loss of 0.84% [1] Group 2 - The upcoming earnings report for Vital Farms is expected on May 8, 2025, with projected earnings per share (EPS) of $0.26, reflecting a 39.53% decrease from the same quarter last year [2] - Revenue is anticipated to be $162.62 million, indicating a 9.93% increase from the same quarter last year [2] Group 3 - For the full year, analysts expect earnings of $1.23 per share and revenue of $740.79 million, marking changes of +4.24% and +22.18% respectively from last year [3] Group 4 - Recent changes in analyst estimates for Vital Farms are important as they indicate shifts in near-term business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [4] Group 5 - The Zacks Rank system, which evaluates estimate changes, indicates that Vital Farms currently holds a Zacks Rank of 3 (Hold), with a consensus EPS projection moving 0.16% lower in the past 30 days [6] Group 6 - Vital Farms has a Forward P/E ratio of 27.39, which is higher than the industry average of 15.47, suggesting that the company is trading at a premium [7] - The Food - Miscellaneous industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [7]

Vital Farms (VITL) closed the latest trading day at $33.64, indicating a +0.78% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq decreased by 0.1%.Shares of the company witnessed a gain of 12.31% over the previous month, beating the performance of the Consumer Staples sector with its gain of 2.15% and the S&P 500's loss of 4.29%.Analysts and investors alike will be keeping a ...

Company Overview - Vital Farms is a Certified B Corporation that offers a range of ethically produced foods nationwide [3] - The company started in 2007 on a single farm in Austin, Texas, and has grown to work with over 425 family farms [3] - Vital Farms is the leading U.S. brand of pasture-raised eggs by retail dollar sales [3] - The company emphasizes humane treatment of farm animals and sustainable farming practices [3] - Vital Farms' products include shell eggs, butter, hard-boiled eggs, and liquid whole eggs, sold in approximately 24,000 stores nationwide [3] Upcoming Financial Results - Vital Farms will report financial results for the first quarter ended March 30, 2025, on May 8, 2025, before market open [1] - A conference call and webcast will be held at 8:30 a.m. ET on the same day to discuss the results [2] - Participants can access the live call via specific phone numbers or through the Vital Farms Investor Relations website [2]

Core Insights - Vital Farms published its 2025 Impact Report, showcasing progress in driving positive outcomes for stakeholders and the company's success [1][3] Group 1: Building a Resilient Food System - Reduced operational emissions intensity by 17.7% at Egg Central Station (ECS) since 2023 [8] - Engaged nearly 50% of its farmer network in additional regenerative agriculture practices, aiming for 100% engagement by the end of 2026 [8] - Achieved LEED® Gold Certification at ECS, indicating excellence in environmental stewardship [8] Group 2: Fostering a People-First Culture - Achieved Great Place to Work (GPTW) Certification by surpassing the 80% threshold in the accreditation survey [8] - Launched the first company-wide Ethics Week, including a panel discussion and revamped Code of Business Conduct and Ethics [8] - Set a goal for 95% of crew members to complete ethics and compliance training by the end of 2025 [8] Group 3: Driving Engaged & Accountable Oversight - Achieved an Elite Excellent 99% rating from an annual Safe Quality Food (SQF) audit, reflecting high standards in food safety and quality [8] - Provided over $600,000 in philanthropy to strengthen communities where Vital Farms operates [8] - Successfully recertified as a B Corp for the fourth time, meeting high standards of social and environmental performance [8]

Core Viewpoint - Brokerage recommendations, particularly for Vital Farms (VITL), suggest a strong buy sentiment, but reliance solely on these recommendations may not be advisable due to potential biases from brokerage firms [2][5][10]. Group 1: Brokerage Recommendations - Vital Farms has an average brokerage recommendation (ABR) of 1.06, indicating a consensus between Strong Buy and Buy, with 88.9% of recommendations being Strong Buy and 11.1% being Buy [2]. - The ABR is calculated based on recommendations from nine brokerage firms, with eight recommending Strong Buy and one recommending Buy [2]. - Despite the positive ABR, studies indicate that brokerage recommendations often do not effectively guide investors towards stocks with significant price appreciation potential [5][10]. Group 2: Analyst Bias and Reliability - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to the ABR [8][11]. - The Zacks Rank is timely and reflects current earnings estimates, while the ABR may not always be up-to-date [12]. Group 3: Earnings Estimates and Performance - The Zacks Consensus Estimate for Vital Farms remains unchanged at $1.24 for the current year, indicating steady analyst views on the company's earnings prospects [13]. - The Zacks Rank for Vital Farms is currently 3 (Hold), suggesting a cautious approach despite the favorable ABR [14].

Families will enjoy an Easter egg hunt, farm-fresh brunch, kids' pickleball mini clinics, and photos with the Easter Bunny!KANSAS CITY, Mo., April 2, 2025 /PRNewswire/ -- Bring the whole family out for a delicious brunch and eggsciting Easter activities on April 12-13 and 19-20 at Chicken N Pickle, the original indoor/outdoor eatertainment complex with a chef-driven menu, pickleball courts and yard games. The third annual Easter "Hop, Hunt & Brunch" celebration is open to the public and made possible by Vit ...

Vital Farms (VITL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned -15.1% over the past month versus the Zacks S&P 500 composite's -7.5% change. The Zacks Food - Miscellaneous industry, to which Vital Farms belongs, has lost 0.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases o ...