NASDAQ$VITL
Vital Farms Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Vital Farms achieved record net revenue and significant gains in household penetration.
Vital Farms reported a strong Q4 2022 with net revenue reaching a record $110.1 million, a 42.2% increase compared to the prior year. The company also saw a substantial increase in household penetration, growing the number of households purchasing Vital Farms products by over 45% to 10.5 million. Net income for the quarter was $1.9 million, compared to a net loss of $3.6 million in the prior year quarter.
- Net revenue increased by 42.2% to $110.1 million compared to Q4 2021.
- Gross profit was $33.3 million, representing 30.3% of net revenue.
- Income from operations was $3.4 million, compared to a loss from operations of $4.2 million in the prior year quarter.
- Net income was $1.9 million, compared to a net loss of $3.6 million in the prior year quarter.
Headline financials
Revenue & EPS history
Vital Farms · Revenue · Quarterly
$110M
Forward guidance
Vital Farms expects net revenue of more than $450 million and Adjusted EBITDA of more than $30 million for the full fiscal year 2023. Capital expenditures for fiscal year 2023 are expected to be in the range of $25 to $30 million.
Tailwinds
- Net revenue of more than $450 million is expected for fiscal year 2023.
- Adjusted EBITDA of more than $30 million is expected for fiscal year 2023.
- Company is well positioned to further its progress toward its long-term top line objectives.
- Company is well positioned to meet its profitability goal of low double-digit Adjusted EBITDA Margin.
- Guidance assumes no additional significant disruptions to the supply chain or its customers or consumers.
Headwinds
- Guidance is subject to risks and uncertainties.
- Adverse macroeconomic factors could impact the company's performance.
- Inability to provide a reconciliation between forecasted Adjusted EBITDA and net income without unreasonable effort.
- Unavailability of reliable estimates for income taxes.
- These items are not within our 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 Q4 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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