From GlobeNewswire: 2025-02-27 07:20:00

Vital Farms reported a net revenue of $606.3 million for Fiscal Year 2024, a 28.5% increase from FY 2023. Gross margin expanded to 37.9%, and net income grew to $53.4 million, with an adjusted EBITDA of $86.7 million. The company aims to reach $1 billion in net revenue by 2027.

In the fourth quarter of 2024, Vital Farms saw a 22.2% increase in net revenue to $166.0 million, driven by volume growth and price/mix benefits. Gross profit increased to $59.9 million, with net income reaching $10.6 million and adjusted EBITDA at $19.1 million.

Looking ahead to FY 2025, Vital Farms projects a net revenue of at least $740 million, representing a 22% growth compared to FY 2024. Adjusted EBITDA is expected to be at least $100 million, with capital expenditures in the range of $50 million to $60 million. The company aims to continue investing in brand and supply chain capabilities to achieve its $1 billion sales target by 2027.



Read more at GlobeNewswire:: Vital Farms Reports Fourth Quarter and Fiscal Year 2024