Vital Farms (VITL) Tops Q3 EPS by 4c, provides guidance

Vital Farms (NASDAQ: VITL) reported Q3 EPS of $0.16, $0.04 better than the analyst estimate of $0.12. Revenue for the quarter came in at $145 million versus the consensus estimate of $145.3 million.

GUIDANCE:

Vital Farms sees FY2024 revenue of $600 million, versus the consensus of $598.4 million, which represents at least 27% growth versus fiscal year 2023, compared to our previous expectation of at least $590 million, or 25% growth.
Adjusted EBITDA of at least $80 million, which represents at least 65% growth versus fiscal year 2023, compared to our previous expectation of at least $75 million, or 55% growth.
Capital expenditures for the full year in the range of $30 million to $40 million, which is reduced from our previous range of $35 million to $45 million due to updated timing on some key projects. We continue to evaluate our capital allocation priorities, and we will provide updates as necessary in future earnings reports.

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

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