NASDAQ$VITL

Vital Farms Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Vital Farms' Q4 2021 financial results were reported, showing record net revenue.

Vital Farms reported a strong Q4 2021 with a record net revenue of $77.4 million, a 43.4% increase compared to the prior year. The growth was driven by continued demand for egg-related sales and distribution gains. However, the company experienced a net loss of $3.6 million, compared to a net loss of $0.8 million in the prior year quarter, due to increased input costs and shipping expenses.

  • Net revenue increased by 43.4% to a record $77.4 million.
  • Gross profit was $19.8 million, representing 25.6% of net revenue.
  • Net loss was $3.6 million, compared to a net loss of $0.8 million in the prior year quarter.
  • Adjusted EBITDA loss was $2.0 million, compared to an Adjusted EBITDA loss of $0.1 million in the prior year.

Headline financials

Total Revenue

$77.4M

Previous: $54M+43.4%
EPS (adj)

-$0.09

Previous: -$0.02-350.0%
Capital Expenditures

$2.52M

Previous: $3.57M-29.5%
Free Cash Flow

$1.54M

Previous: -$6.91M+122.2%
Net Income

-$3.65M

Previous: -$786K-364.9%
Operating Income

-$4.24M

Previous: -$2.15M-97.3%
Gross Profit

$19.8M

Previous: $17.6M+12.3%
Cash & Equivalents

$31M

Previous: $29.5M+4.8%
Total Assets

$190M

Previous: $171M+10.8%
Stock-Based Comp

$1.25M

Previous: $1.03M+21.4%

Revenue & EPS history

Vital Farms · Revenue · Quarterly

$77.4M

Q4 2021+43.4%vs Q4 2020
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Forward guidance

For the full fiscal year 2022, Vital Farms expects net revenue of more than $340 million and Adjusted EBITDA of more than $13 million.

Tailwinds

  • Net revenue of more than $340 million, an increase of 30% compared to fiscal year 2021.
  • Adjusted EBITDA of more than $13 million for the full fiscal year 2022, excluding costs related to our exit of the convenient breakfast product line, an increase of 62% compared to fiscal year 2021.
  • Guidance assumes no additional significant disruptions to the supply chain.
  • Guidance assumes no additional significant disruptions to customers.
  • Guidance assumes no additional significant disruptions to consumers.

Headwinds

  • Guidance excludes costs related to the exit of the convenient breakfast product line.
  • Guidance is subject to changes in the operating environment.
  • Guidance assumes no issues from adverse macroeconomic factors.
  • Company cannot provide a reconciliation between its forecasted Adjusted EBITDA and net revenue metrics without unreasonable effort due to the unavailability of reliable estimates for certain items.
  • These items are not within our control and may vary greatly between periods and could significantly impact future financial results.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro