Vital Farms Inc

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

VITL$10.01-0.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(Amounts in thousands, except share and per share data)

	Fiscal Year Ended
	December 31,2023	December 25,2022	December 26,2021
Net revenue	$471,857	$362,050	$260,901
Cost of goods sold	309,531	252,606	178,002
Gross profit	162,326	109,444	82,899
Operating expenses:
Selling, general and administrative	101,728	77,236	57,868
Shipping and distribution	27,344	30,104	24,979
Total operating expenses	129,072	107,340	82,847
Income from operations	33,254	2,104	52
Other income (expense), net:
Interest expense	(782)	(114)	(52)
Interest income	2,542	992	381
Other expense, net	(2,813)	(151)	(27)
Total other (expense) income, net	(1,053)	727	302
Net income before income taxes	32,201	2,831	354
Income tax provision (benefit)	6,635	1,601	(2,028)
Net income	25,566	1,230	2,382
Less: Net loss attributable to noncontrolling interests	—	(21)	(47)
Net income attributable to Vital Farms, Inc. common stockholders	$25,566	$1,251	$2,429
Net income per share attributable to Vital Farms, Inc. stockholders:
Basic:	$0.62	$0.03	$0.06
Diluted:	$0.59	$0.03	$0.06
Weighted average common shares outstanding:
Basic:	41,192,544	40,648,592	40,027,278
Diluted:	43,312,836	43,469,586	43,321,733

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.