NASDAQ$VITL
Vital Farms Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record net revenue and improved gross margin and Adjusted EBITDA.
Vital Farms reported a strong third quarter with record net revenue of $92.0 million, a 42.4% increase year-over-year. The company also saw improvements in gross margin and Adjusted EBITDA, despite a challenging inflationary environment.
- Net revenue increased by 42.4% to $92.0 million.
- Net income was $0.7 million, compared to a net loss of $1.3 million in the prior year quarter.
- Gross profit was $29.5 million, or 32.0% of net revenue, compared to $19.8 million, or 30.7% of net revenue, in the prior year quarter.
- Adjusted EBITDA was $5.2 million, compared to $0.2 million in the prior year quarter.
Headline financials
Revenue & EPS history
Vital Farms · Revenue · Quarterly
$92M
Forward guidance
Vital Farms reaffirmed its fiscal year 2022 outlook, expecting net revenue of more than $340 million and Adjusted EBITDA of more than $13 million.
Tailwinds
- Reaffirming guidance for net revenue of more than $340 million for fiscal year 2022, a projected increase of 30% compared to fiscal year 2021.
- Reaffirming guidance for Adjusted EBITDA of more than $13 million for fiscal year 2022, an increase of 62% compared to fiscal year 2021.
- Focus on operational execution to maintain progress toward long-term goal of low double-digit Adjusted EBITDA Margin.
- Ongoing demand for products.
- No additional significant disruptions to the supply chain or its customers or consumers are assumed.
Headwinds
- Guidance assumes no additional significant disruptions to the supply chain.
- Guidance assumes no significant disruptions to customers or consumers.
- Guidance assumes no issues from adverse macroeconomic factors.
- Inability to provide a reconciliation between forecasted Adjusted EBITDA and net income due to the unavailability of reliable estimates for income taxes.
- Income taxes are not within the company's control and may vary greatly between periods.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-1.7%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
41%
12 / 29 earnings
Positive
+21.7%
Q1 2024
Best reaction
-20.8%
Q1 2027
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -20.8% | -28.2% | -16.3% | |
| Q4 2025 | -10.9% | -18.1% | -47.0% | |
| Q3 2025 | +16.6% | +7.8% | -2.2% | |
| Q1 2025 | -9.3% | -4.9% | -14.0% | |
| Q4 2024 | -9.1% | -8.1% | -12.3% | |
| Q3 2024 | -16.2% | -22.9% | -3.9% | |
| Q2 2024 | -12.2% | -12.0% | -15.7% | |
| Q1 2024 | +21.7% | +23.7% | +39.9% | |
| Q4 2023 | +7.9% | +10.5% | +33.8% | |
| Q3 2023 | +2.7% | +5.9% | +22.6% | |
| Q2 2023 | +17.6% | +15.6% | +12.5% | |
| Q1 2023 | +18.6% | +20.4% | +13.2% | |
| Q4 2022 | +1.0% | -3.9% | -5.1% | |
| Q3 2022 | +4.3% | +11.5% | +13.4% | |
| Q2 2022 | +12.3% | +15.1% | +5.3% | |
| Q1 2022 | +0.1% | -14.0% | -22.6% | |
| Q4 2021 | -6.9% | -0.3% | +5.2% | |
| Q3 2021 | +13.6% | +16.7% | +6.5% | |
| Q2 2021 | +2.5% | +2.5% | -4.7% | |
| Q1 2021 | -3.2% | +1.1% | +7.3% | |
| Q1 2020 | -3.2% | +1.1% | +7.3% | |
| Q4 2020 | -14.1% | -20.5% | +2.6% | |
| Q4 2018 | -14.1% | -20.5% | +2.6% | |
| Q3 2020 | -14.7% | -15.7% | -26.3% | |
| Q3 2019 | -14.7% | -15.7% | -26.3% | |
| Q2 2020 | -4.8% | +1.2% | +9.3% | |
| Q4 2019 | -4.8% | +1.2% | +9.3% | |
| Q2 2019 | -4.8% | +1.2% | +9.3% | |
| Q1 2019 | -4.8% | +1.2% | +9.3% |
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