NASDAQ$VITL

Vital Farms Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported a strong fourth quarter and fiscal year, exceeding net revenue targets and expanding gross margins.

Vital Farms reported a 22.2% increase in net revenue for Q4 2024, reaching $166.0 million. Gross margin expanded to 36.1%, and net income increased by 46.8% to $10.6 million. The company's performance was driven by volume growth, price/mix benefits, and operational efficiencies.

  • Net revenue increased by 22.2% to $166.0 million compared to Q4 2023.
  • Gross margin expanded by 280 basis points to 36.1%.
  • Net income increased by 46.8% to $10.6 million.
  • Adjusted EBITDA was $19.1 million, representing 11.5% of net revenue.

Headline financials

Total Revenue

$166M

Previous: $136M+22.2%
EPS (adj)

$0.23

Previous: $0.17+35.3%
Adjusted EBITDA

$19.1M

No prior period
Adjusted EBITDA Margin

11.5%

No prior period
Gross Profit Margin

36.1%

No prior period
Net Income

$10.6M

Previous: $7.2M+47.2%
Operating Income

$13M

Previous: $9.1M+42.9%
Gross Profit

$59.9M

Previous: $45.2M+32.5%

Revenue & EPS history

Vital Farms · Revenue · Quarterly

$166M

Q4 2024+22.2%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Vital Farms anticipates continued supply constraints early in 2025, with improvements expected in the second half of the year. The company projects net revenue of at least $740 million and adjusted EBITDA of at least $100 million for fiscal year 2025.

Tailwinds

  • Net revenue of at least $740 million is expected.
  • Adjusted EBITDA of at least $100 million is anticipated.
  • New family farms coming online will increase supply.
  • New washing and packing line at Egg Central Station becoming operational in Q4 2025.
  • Continued investment in brands and supply chain capabilities.

Headwinds

  • Supply constraints are expected to continue early in the year.
  • Guidance assumes no significant disruptions to the supply chain.
  • Guidance assumes no significant disruptions to customers or consumers.
  • Guidance assumes no issues from adverse macroeconomic factors.
  • Capital expenditure for the full year in the range of $50 million to $60 million.

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 2024

Historical avgQ4 2024

-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