Financial Performance - Fiscal Year 2024 Net Revenue reached $606.3 million, a 28.5% increase compared to Fiscal Year 2023[1] - Fourth Quarter Net Revenue increased 22.2% to $166.0 million, driven by volume-related growth and price/mix benefits[4] - Adjusted EBITDA for Fiscal Year 2024 was $86.7 million, representing a growth of 79.6% from $48.3 million in Fiscal Year 2023[16] - Net Income for Fiscal Year 2024 grew 108.8% to $53.4 million, compared to $25.6 million in Fiscal Year 2023[14] - Net revenue for the 13 weeks ended December 29, 2024, was $165,989,000, representing a 22.2% increase from $135,811,000 for the same period in 2023[31] - Gross profit for the 52 weeks ended December 29, 2024, was $229,926,000, up 41.6% from $162,326,000 in 2023[31] - Net income for the 52 weeks ended December 29, 2024, was $53,388,000, compared to $25,566,000 in 2023, reflecting a 108.5% increase[34] - Basic net income per share increased to $1.25 for the 52 weeks ended December 29, 2024, from $0.62 in 2023[31] - Net income for the 13-week period ended December 29, 2024, was $10,582,000, compared to $7,210,000 for the 14-week period ended December 31, 2023, representing an increase of 47.5%[43] - Adjusted EBITDA for the 13-week period was $19,086,000, up from $13,894,000 in the previous year, reflecting a growth of 37.5%[43] - Net revenue for the 13-week period reached $165,989,000, compared to $135,811,000 in the prior year, indicating a year-over-year increase of 22.2%[43] Growth Projections - FY 2025 Outlook projects Net Revenue of at least $740 million, indicating at least 22% growth versus FY 2024[22] - FY 2025 Adjusted EBITDA is expected to be at least $100 million, reflecting at least 15% growth compared to FY 2024[22] - The company aims to reach a $1 billion Net Revenue target by 2027[1] Operational Metrics - Gross Margin expanded 352 basis points to 37.9% in Fiscal Year 2024, compared to 34.4% in the prior year[13] - Total assets grew to $359,332,000 as of December 29, 2024, from $275,178,000 as of December 31, 2023, marking a 30.6% increase[33] - Cash and cash equivalents at the end of the period were $150,601,000, up from $84,149,000 at the beginning of the period, indicating a significant liquidity improvement[36] - The company reported a total operating expense of $166,374,000 for the 52 weeks ended December 29, 2024, compared to $129,072,000 in 2023, reflecting a 29% increase[31] - The company’s total liabilities increased to $90,030,000 as of December 29, 2024, from $82,501,000 in 2023, indicating a rise in financial obligations[33] Capital Expenditures and Investments - Capital expenditures for FY 2024 totaled $28.6 million, significantly higher than $11.5 million in FY 2023[19] - The company added approximately 125 new family farms, bringing the total to over 425 by the end of 2024[2] Future Reporting - The company anticipates filing its Annual Report on Form 10-K for the fiscal year ended December 29, 2024, on February 27, 2025, which will provide further insights into future performance and strategies[28] Expense and Income Analysis - Adjusted EBITDA margin for the 13-week period was 11.5%, compared to 10.2% for the 14-week period, showing an improvement of 1.3 percentage points[43] - Net income margin for the 13-week period was 6.4%, up from 5.3% in the previous year, reflecting a 1.1 percentage point increase[43] - Total depreciation and amortization for the 13-week period was $3,264,000, slightly higher than $3,194,000 in the previous year[43] - Stock-based compensation expense for the 13-week period was $2,696,000, compared to $1,915,000 in the prior year, an increase of 40.7%[43] - Interest expense for the 13-week period was $239,000, down from $268,000 in the previous year, indicating a decrease of 10.8%[43] - The company reported an income tax provision of $3,740,000 for the 13-week period, compared to $2,351,000 in the previous year, representing a 59% increase[43] - Interest income for the 13-week period was $(1,435,000), compared to $(1,044,000) in the previous year, reflecting a decrease in interest income[43]

Financial Performance - Fiscal Year 2024 net revenue reached $606.3 million, representing a 28.5% increase compared to Fiscal Year 2023 [1][12] - Fourth quarter net revenue increased by 22.2% to $166.0 million, driven by volume-related revenue growth and price/mix benefits [4][6] - Adjusted EBITDA for Fiscal Year 2024 was $86.7 million, up from $48.3 million in the previous year, reflecting a significant growth in profitability [6][15] Growth Outlook - The company projects a net revenue of at least $740 million for Fiscal Year 2025, indicating a growth of at least 22% compared to Fiscal Year 2024 [19][23] - Vital Farms aims to achieve a $1 billion net revenue target by 2027, supported by supply chain investments and expansion of its farm network [1][19] Operational Highlights - The company added approximately 125 new family farms in 2024, bringing the total to over 425 farms [2] - Gross profit for Fiscal Year 2024 was $229.9 million, with a gross margin of 37.9%, an increase from 34.4% in the previous year [13][15] Cash Flow and Capital Expenditures - Cash, cash equivalents, and marketable securities totaled $160.3 million as of December 29, 2024, with no outstanding debt [17] - Capital expenditures for the year were $28.6 million, below guidance as some spending was extended into 2025 [18][23]

Group 1 - Vital Farms has been ranked 2 in the annual MO 100 Top Impact CEO Ranking by Big Path Capital, moving up from 3 in 2024, marking the fourth consecutive year of recognition for both the company and its President & CEO Russell Diez-Canseco [1][3] - The MO 100 ranking is based on a "Force for Good" Score, which is calculated by multiplying a company's growth rate, annual revenue, and B Lab's B Impact Assessment score, reflecting the company's impact on people and the planet [2] - Vital Farms is a Certified B Corporation that focuses on ethically produced foods and humane treatment of farm animals, working with over 425 family farms and being the leading U.S. brand of pasture-raised eggs by retail dollar sales [4] Group 2 - The company emphasizes long-term benefits for all stakeholders, including farmers, customers, communities, and the environment, and operates as a Delaware public benefit corporation [4] - Vital Farms' products, including shell eggs, butter, hard-boiled eggs, and liquid whole eggs, are available in approximately 24,000 stores nationwide and are featured on menus at numerous foodservice operators [4]

Core Insights - Vital Farms has been recognized as 2 in the annual MO 100 Top Impact CEO Ranking by Big Path Capital, marking the fourth consecutive year of recognition and an improvement from 3 in 2024 [1][3] - The ranking is based on a "Force for Good" Score, which considers a company's growth rate, annual revenue, and B Lab's B Impact Assessment score, reflecting the company's impact on people and the planet [2] Company Overview - Vital Farms, a Certified B Corporation, offers ethically produced foods and is the leading U.S. brand of pasture-raised eggs by retail dollar sales, working with over 425 family farms [4] - The company emphasizes humane treatment of farm animals and sustainable farming practices, prioritizing long-term benefits for all stakeholders, including farmers, consumers, and the environment [4] - Vital Farms' products are available in approximately 24,000 stores nationwide and are featured on menus at numerous foodservice operators across the country [4]

Company Performance - Vital Farms (VITL) closed at $34.77, reflecting a -1.72% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.43% [1] - Over the past month, shares of Vital Farms have decreased by 20.3%, underperforming the Consumer Staples sector's loss of 0.05% and the S&P 500's gain of 2.6% [1] Upcoming Earnings Report - Vital Farms is set to release its earnings report on February 27, 2025, with an expected EPS of $0.16, representing a decline of 5.88% from the same quarter last year [2] - The consensus estimate anticipates revenue of $160.23 million, indicating a 17.98% increase compared to the same quarter last year [2] Analyst Estimates and Revisions - Recent adjustments to analyst estimates for Vital Farms are being closely monitored, as they reflect the latest near-term business trends [3] - Positive revisions in estimates indicate analysts' confidence in the company's business performance and profit potential [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Vital Farms at 4 (Sell) [5] - The Zacks Consensus EPS estimate has decreased by 0.92% over the last 30 days [5] - Vital Farms has a Forward P/E ratio of 28.63, which is a premium compared to the industry's average Forward P/E of 16.06 [6] Industry Context - The Food - Miscellaneous industry, part of the Consumer Staples sector, currently holds a Zacks Industry Rank of 181, placing it in the bottom 28% of over 250 industries [6] - The Zacks Industry Rank evaluates the performance of distinct industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Vital Farms (VITL) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2024, with the actual results being crucial for the stock's near-term price movement [1][2]. Earnings Expectations - The consensus estimate for Vital Farms' quarterly earnings is $0.16 per share, reflecting a year-over-year decrease of 5.9%, while revenues are projected to reach $160.23 million, representing an 18% increase from the previous year [3]. - The consensus EPS estimate has been revised down by 9.3% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Vital Farms is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +8.97%, indicating a potential for a positive earnings surprise [10][11]. - However, the stock currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Vital Farms exceeded the expected earnings of $0.14 per share by delivering $0.16, resulting in a surprise of +14.29% [12]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13]. Conclusion - While Vital Farms does not appear to be a strong candidate for an earnings beat, it is essential for investors to consider other factors influencing stock performance ahead of the earnings release [16].

Core Viewpoint - Vital Farms (VITL) has experienced a significant decline in stock performance, returning -18.1% over the past month, contrasting with the S&P 500's +4.3% and the Zacks Food - Miscellaneous industry's +2.1% [1] Earnings Estimate Revisions - The consensus earnings estimate for Vital Farms is projected at $0.16 per share for the current quarter, reflecting a year-over-year decrease of -5.9% and a 30-day change of -9.3% [4] - For the current fiscal year, the consensus earnings estimate is $1.11, indicating an increase of +88.1% from the previous year, with a slight 30-day change of -0.9% [4] - The next fiscal year's consensus earnings estimate stands at $1.24, showing a year-over-year increase of +11.4% and a 30-day change of -0.8% [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $160.23 million, representing a year-over-year increase of +18% [8] - For the current fiscal year, the sales estimate is $600.4 million, indicating a growth of +27.2%, while the next fiscal year's estimate is $710.13 million, reflecting an increase of +18.3% [8] Last Reported Results and Surprise History - In the last reported quarter, Vital Farms generated revenues of $145 million, a year-over-year increase of +31.3%, with an EPS of $0.16 compared to $0.10 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of $144.7 million by +0.21%, and the EPS surprise was +14.29% [10] - The company has consistently beaten consensus EPS and revenue estimates over the past four quarters [10] Valuation - Vital Farms is rated D on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14]

Core Viewpoint - Vital Farms is experiencing a decline in stock performance, with a significant drop of 14.92% over the past month, contrasting with gains in the Consumer Staples sector and the S&P 500 [1][2] Financial Performance - Vital Farms is expected to report earnings of $0.16 per share on February 27, 2025, reflecting a year-over-year decline of 5.88% [2] - Revenue is projected to reach $160.23 million, indicating a 17.98% increase compared to the same quarter last year [2] Analyst Estimates - Recent changes in analyst estimates for Vital Farms are crucial, as they often indicate short-term business trends and analyst sentiment regarding the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 0.92% over the past month, suggesting a bearish outlook [5] Valuation Metrics - Vital Farms has a Forward P/E ratio of 28.65, which is significantly higher than the industry average of 16.67, indicating a premium valuation [6] - The Food - Miscellaneous industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 178, placing it in the bottom 30% of over 250 industries [6] Zacks Rank System - Vital Farms currently holds a Zacks Rank of 4 (Sell), reflecting a negative sentiment among analysts [5] - The Zacks Rank system has a proven track record, with 1 rated stocks averaging a +25% annual return since 1988 [5][4]

Core Insights - Vital Farms will report its financial results for the fourth quarter and fiscal year ended December 29, 2024, on February 27, 2025, before market open [1] - A conference call and webcast will be held on the same day at 8:30 a.m. ET to discuss the results [2] - Vital Farms is a Certified B Corporation that focuses on ethically produced foods and is the leading U.S. brand of pasture-raised eggs by retail dollar sales [3] Company Overview - Vital Farms started in 2007 on a single farm in Austin, Texas, and has grown to work with over 425 family farms [3] - The company emphasizes humane treatment of farm animals and sustainable farming practices [3] - Vital Farms' products, including shell eggs, butter, hard-boiled eggs, and liquid whole eggs, are sold in approximately 24,000 stores nationwide [3]

Company Performance - Vital Farms (VITL) closed at $37.69, reflecting a -0.84% change from the previous day's closing price, underperforming the S&P 500's gain of 0.39% [1] - Over the past month, shares of Vital Farms increased by 1.09%, outperforming the Consumer Staples sector's decline of 0.7% but lagging behind the S&P 500's rise of 1.7% [1] Upcoming Earnings - The company is expected to report an EPS of $0.16, indicating a 5.88% decline compared to the same quarter last year [2] - Revenue is projected to be $160.23 million, reflecting a 17.98% increase from the equivalent quarter last year [2] Analyst Estimates - Recent changes in analyst estimates for Vital Farms should be monitored, as they often indicate short-term business trends [3] - Positive revisions in estimates are interpreted as favorable signs for the company's business outlook [3] Zacks Rank and Valuation - The Zacks Rank system currently rates Vital Farms at 4 (Sell), with a recent downward shift of 0.92% in the consensus EPS estimate [5] - Vital Farms has a Forward P/E ratio of 30.75, which is significantly higher than the industry average Forward P/E of 16.06 [6] Industry Context - The Food - Miscellaneous industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 198, placing it in the bottom 22% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]