Vital Farms Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
VITL$10.01-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(Amounts in thousands, except share and per share data)
| 13-Weeks Ended | ||
|---|---|---|
| March 31,2024 | March 26,2023 | |
| Net revenue | $147,929 | $119,172 |
| Cost of goods sold | 89,032 | 76,504 |
| Gross profit | 58,897 | 42,668 |
| Operating expenses: | ||
| Selling, general and administrative | 27,132 | 23,946 |
| Shipping and distribution | 7,596 | 7,826 |
| Total operating expenses | 34,728 | 31,772 |
| Income from operations | 24,169 | 10,896 |
| Other income (expense), net: | ||
| Interest expense | (255) | (139) |
| Interest income | 1,088 | 340 |
| Other expense, net | (277) | (1,425) |
| Total other income (expense), net | 556 | (1,224) |
| Net income before income taxes | 24,725 | 9,672 |
| Income tax provision | 5,702 | 2,522 |
| Net income | 19,023 | 7,150 |
| Net income per share: | ||
| Basic: | $0.46 | $0.18 |
| Diluted: | $0.43 | $0.16 |
| Weighted average common shares outstanding: | ||
| Basic: | 41,792,527 | 40,764,546 |
| Diluted: | 43,845,952 | 43,398,336 |
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