U.S. Markets close in 5 hrs 35 mins

Vital Farms, Inc. (VITL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
21.40+0.17 (+0.80%)
As of 10:22AM EDT. Market open.
Full screen
Loading interactive chart...
  • GlobeNewswire

    Vital Farms to Report First Quarter 2021 Financial Results on May 11, 2021

    AUSTIN, Texas, April 27, 2021 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, will report financial results for the first quarter ended March 28, 2021 on Tuesday, May 11, 2021 before market open. Vital Farms will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. The live conference call webcast can be accessed on the Vital Farms Investor Relations website at https://investors.vitalfarms.com under “Events.” The webcast will also be archived and available for replay. About Vital FarmsVital Farms, a Certified B Corporation, offers a range of ethically produced pasture-raised foods nationwide. Started on a single farm in Austin, Texas, in 2007, Vital Farms is now a national consumer brand that works with over 200 small family farms and is the leading U.S. brand of pasture-raised eggs and butter by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term sustainability of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' pasture-raised products, including shell eggs, butter, hard-boiled eggs, ghee, egg bites and liquid whole eggs, are sold in over 16,000 stores nationwide. CONTACT:Media:Nisha DevarajanNisha.Devarajan@vitalfarms.com Investors: Matt Siler Matt.Siler@vitalfarms.com

  • GlobeNewswire

    Vital Farms Appoints Joanne Bal as General Counsel, Corporate Secretary and Head of Environmental, Social, and Governance

    AUSTIN, Texas, April 26, 2021 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, today announced the appointment of Joanne Bal as General Counsel, Corporate Secretary and Head of Environmental, Social and Governance (ESG), effective April 26, 2021. In this newly created role, Bal will be responsible for legal strategy and compliance, as well as leading Vital Farms’ ESG initiatives, which includes designing, implementing, and reporting on the company’s ESG mission. As Corporate Secretary, Bal will support Vital Farms’ board of directors in developing and maintaining best practices in governance policies and procedures. “We conducted an extensive search for this role and are thrilled to have found in Joanne a mission-driven leader to oversee this critical function for Vital Farms,” said Russell Diez-Canseco, president and CEO, Vital Farms. “Joanne brings a wealth of legal experience and joins us from Levi Strauss & Co., a company whose stated values mirror our belief that the long-term sustainability of a business is inextricably linked to the long-term sustainability of its stakeholders. In addition to managing our legal function and overseeing corporate governance, Joanne will lead our ESG efforts, building on our solid foundation as a public benefit corporation, Certified B Corporation, and a brand that has practiced Conscious Capitalism since its founding.” Bal brings over 25 years of legal experience across a range of industries, including at global publicly traded companies, early-stage businesses, and law firms. Most recently, she served as Vice President & Chief Counsel for Levi Strauss Americas, the largest regional division of Levi Strauss & Co., an iconic jeanswear company. Before Levi Strauss & Co., Bal was Managing Director of Legal Services and Segment General Counsel for Applied Materials, a global provider of semiconductor equipment and services. She has also held various legal and business roles in both public and private technology companies, including LSI Corporation, Navis LLC and Identix Incorporated. Bal began her career in private practice at two internationally recognized law firms. She received a Bachelor of Arts from the University of California, Berkeley and a Juris Doctorate from the University of Chicago Law School. “I’m excited to join Vital Farms for many reasons including the company’s inspiring mission, stakeholder-driven business model and high-quality, ethically produced products,” Bal said. “In addition to serving as General Counsel and Corporate Secretary, I am thrilled to lead Vital Farms’ ESG efforts and help the company share its impactful work in these areas with its stakeholders.” About Vital FarmsVital Farms, a Certified B Corporation, offers a range of ethically produced pasture-raised foods nationwide. Started on a single farm in Austin, Texas, in 2007, Vital Farms is now a national consumer brand that works with over 200 small family farms and is the leading U.S. brand of pasture-raised eggs and butter by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term sustainability of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' pasture-raised products, including shell eggs, butter, hard-boiled eggs, ghee, egg bites and liquid whole eggs, are sold in over 16,000 stores nationwide. CONTACT:Media:Nisha DevarajanNisha.Devarajan@vitalfarms.com Investors: Matt Siler Matt.Siler@vitalfarms.com

  • Vital Farms’ FY21 Sales Guidance Tops Estimates After 4Q Loss; Shares Dip
    SmarterAnalyst

    Vital Farms’ FY21 Sales Guidance Tops Estimates After 4Q Loss; Shares Dip

    Vital Farms forecasted better-than-expected sales for the fiscal year 2021 after the provider of pasture-raised food posted a wider-than-expected fiscal 4Q loss. Shares dropped 2.8% to close at $24.18 on March 24. Vital Farms (VITL) reported a 4Q loss of $0.02 per share, compared to the loss of $0.01 per share estimated by analysts. A loss of $0.17 per share was recorded in the prior-year quarter. Net revenues surged 30% year-over-year to $54 million and outpaced analysts’ expectations of $51.97 million. The outstanding performance was driven mainly by volume increases to distributors and retail partners. The company’s adjusted EBITDA loss came in at $0.1 million in the quarter, compared to a loss of $4.7 million in the prior-year period. (See Vital Farms stock analysis on TipRanks) Vital Farms CEO Russell Diez-Canseco commented, “We have demonstrated consistent growth in the years prior to and throughout 2020 and are investing significantly in our future – from growing our network of family farms, doubling capacity at Egg Central Station where we wash and pack eggs, launching a new marketing campaign, entering a national foodservice partnership with Acosta, and attracting top talent to join our team. We believe Vital Farms is well-positioned for success in 2021 and beyond.” For fiscal 2021, net revenue is expected to be between $246 million and $253 million, versus the consensus estimate of $245.3 million. Adjusted EBITDA is forecasted to be in the range of $6 million to $8 million. Following the 4Q results, Jefferies analyst Robert Dickerson reiterated a Buy rating and a price target of $40 (65.4% upside potential) on the stock. Dickerson forecasts earnings per share for the first quarter of 2021 to be $0.05. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 1 Buy and 1 Hold. The average analyst price target of $34.50 implies 42.7% upside potential to current levels. Related News: Ollie’s 4Q Results Beat Analysts’ Expectations As Sales Pick Up; Shares Gain After-Hours GameStop’s Quarterly Results Disappoint; Shares Drop 15% After-Hours aTyr Pharma Pops 6% On Lower-Than-Feared Quarterly Loss, Revenue Outperforms More recent articles from Smarter Analyst: Wheaton Precious Metals To Acquire Gold Stream From Capstone; Street Says Buy Equifax Snaps Up i2verify; Street Sees 21% Upside Forte Posts Lower-Than-Feared Quarterly Loss; Shares Drop 9.5% Mettler-Toledo Acquires PendoTECH; Street Says Hold