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Vital Farms Third Quarter 2022 Earnings: Beats Expectations

Vital Farms (NASDAQ:VITL) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$92.0m (up 42% from 3Q 2021).

  • Net income: US$723.0k (up from US$1.32m loss in 3Q 2021).

  • Profit margin: 0.8% (up from net loss in 3Q 2021).

  • EPS: US$0.018 (up from US$0.033 loss in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vital Farms Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are up 7.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Vital Farms' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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