VITL Earnings Prediction
The chart below shows how VITL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VITL sees a -8.42% change in stock price 10 days leading up to the earnings, and a +1.82% change 10 days following the report. On the earnings day itself, the stock moves by +7.71%. This data can give you a slight idea of what to expect for the next quarter's release.
VITL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
145.00M
31.31%
-1.62%
Gross Margin
36.88%
11.08%
-5.75%
Operating Margin
6.37%
34.39%
-45.23%
Net Margin
5.14%
25.37%
-53.65%
EPS
0.16
60.00%
-55.56%
No Data Available
VITL Earnings Analysis
Vital Farms, Inc. Common Stock Corporation (VITL.O) Earnings Conference Call
Positive
Q3 Revenue Surge: 1. Strong Revenue Growth: Vital Farms reported a 31.3% increase in net revenue for Q3 2024, reaching $145 million, with year-to-date sales also growing by 31%.
Adjusted EBITDA Surge: 2. Significant Adjusted EBITDA Increase: The company achieved an adjusted EBITDA of $15.2 million in Q3 2024, marking a 64.5% increase compared to the previous year, and nearly doubling year-to-date adjusted EBITDA to $67.6 million.
Gross Margin Expansion: 3. Improved Gross Margins: Gross margin expanded by 368 basis points to 36.9% in Q3 2024, and year-to-date gross margin improved by 376 basis points to 38.6%.
Distribution Points Expansion: 4. Increased Distribution Points: Total distribution points grew by 17.3% in the natural channel and 20.2% in the food channel, indicating strong demand and shelf presence for Vital Farms products.
Cash Reserves Increase: 5. Strong Cash Position: As of September 29, 2024, Vital Farms had $163 million in cash and cash equivalents, an increase of $46.2 million from the end of 2023, with no debt outstanding.
Negative
Rising SG&A Expenses: 1. Increased SG&A Expenses: SG&A expenses rose to $36.1 million or 24.9% of net revenue, up from $25.1 million or 22.7% of net revenue last year, driven by marketing, stock-based compensation, and higher employee headcount.
Shipping Cost Increase: 2. Rising Shipping and Distribution Costs: Shipping and distribution expenses increased to $8.1 million or 5.6% of net revenue, compared to $6.4 million or 5.8% of net revenue last year, despite higher sales volumes.
Production Slowdown Impact: 3. Production Slowdown Due to Maintenance: Maintenance work at Egg Central Station (ECS) slowed production during the third quarter, impacting the ability to meet demand, with expectations of continued operational improvements in the fourth quarter.
CapEx Guidance Reduction: 4. Reduced CapEx Guidance: The company lowered its CapEx guidance to $30 million to $40 million from $35 million to $45 million, indicating potential delays in planned investments due to updated timing.
Fourth Quarter Growth Headwind: 5. Growth Headwind from Last Year's 53rd Week: The company anticipates an approximately 8-point growth headwind in the fourth quarter from lapping last year's 53rd week, which is not repeating this year.
VITL FAQs
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VITL Earning Call Sentiment
Vital Farms, Inc. (VITL) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
VITL.O
-6.76%Positive
The earnings call summary reflects strong financial performance, with significant revenue and margin growth. The Q&A section highlights strong demand and operational flexibility, though there are some risks with supply matching demand and unclear marketing ROI. Despite these, the company’s optimistic guidance and financial health, such as increased cash and no debt, suggest positive sentiment. The market cap indicates a moderate impact, leading to a prediction of a positive stock price movement of 2% to 8% over the next two weeks.
