Vital Farms (VITL) Tops Q1 EPS by 22c, provides guidance

Vital Farms (NASDAQ: VITL) reported Q1 EPS of $0.43, $0.22 better than the analyst estimate of $0.21. Revenue for the quarter came in at $147.93 million versus the consensus estimate of $135.46 million.

GUIDANCE:

Vital Farms sees FY2024 revenue of $575 million, versus the consensus of $560.4 million.
which represents at least 22% growth over fiscal year 2023, compared to the previous expectation of at least $552 million, or at least 17% growth.
Adjusted EBITDA of at least $70 million, which represents at least 45% growth over fiscal year 2023, compared to the previous expectation of at least $57 million, or at least 18% growth.
Capital expenditures in the range of $35 million to $45 million, consistent with the previous expectation. Vital Farms will continue to evaluate its capital allocation priorities and will provide updates in future earnings reports as necessary.

For earnings history and earnings-related data on Vital Farms (VITL) click here.

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