Vital Farms, Inc. (OQ:VITL)
Business Focus: Food Wholesale
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3601 South Congress Avenue, Suite C100 AUSTIN TX 78704 |
| Tel: | 1-877-4553063 |
| Website: | https://vitalfarms.com |
| IR: | See website |
| Key People | ||
| Matthew O'Hayer Founder, Executive Chairman of the Board | Russell Diez-Canseco President, Chief Executive Officer, Director | Thilo B. Wrede Chief Financial Officer |
| Jason Dale Chief Operating Officer | Stephanie Coon Senior Vice President - People and Strategy | Kathryn Mckeon Chief Marketing Officer |
| Joanne Bal General Counsel, Corporate Secretary and Head of Impact | Peter Pappas Chief Sales Officer | |
| Business Overview |
| Vital Farms, Inc. offers a range of ethically produced foods nationwide. The Company is a national consumer brand that works with over 300 family farms and is a United States brand of pasture-raised eggs. The Company focuses on the humane treatment of farm animals and sustainable farming practices. Its products, including shell eggs, butter, hard-boiled eggs, and liquid whole eggs, are sold in over 24,000 stores nationwide. The Company packages, markets and distributes shell eggs, butter, and other products. The retail varieties of its shell eggs are based on supplemental feed type, egg size, and pack size. Its egg packaging consists primarily of corrugated boxes and egg cartons. The Company offers unsalted and sea-salted varieties of its butter in two-stick and four-stick packs. The Company's products are principally sold under the name Vital Farms in addition to other trade names, primarily to retail and foodservice channels in the United States. |
| Financial Overview |
| For the 13 weeks ended 31 March 2024, Vital Farms, Inc. revenues increased 24% to $147.9M. Net income increased from $7.2M to $19M. Revenues reflect Eggs segment increase of 27% to $143.8M, Retail Sales-Egg and Egg-related product increase of 27% to $143.8M. Net income benefited from Merchandise Margins - Total - % increase of 11% to 40%, Other income decrease of 81% to $277K (expense). |
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