Vital Farms, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 24, 2023
November 02, 2023 at 07:25 am EDT
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Vital Farms, Inc. reported earnings results for the third quarter and nine months ended September 24, 2023. For the third quarter, the company reported sales was USD 110.43 million compared to USD 92.04 million a year ago. Net income was USD 4.52 million compared to USD 0.723 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.02 a year ago.
For the nine months, sales was USD 336.05 million compared to USD 251.97 million a year ago. Net income was USD 18.36 million compared to net loss of USD 0.614 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
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 Companyâs 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.
VITAL FARMS, INC. 
