Vital Farms Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 8, 2024

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

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Condensed Consolidated Statements of Income

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

	13-Weeks Ended		26-Weeks Ended
	June 30,2024	June 25,2023	June 30,2024	June 25,2023
Net revenue	$147,388	$106,445	$295,316	$225,616
Cost of goods sold	89,710	68,645	178,742	145,149
Gross profit	57,678	37,800	116,574	80,467
Operating expenses:
Selling, general and administrative	33,336	23,908	60,467	47,853
Shipping and distribution	7,203	5,853	14,799	13,679
Total operating expenses	40,539	29,761	75,266	61,532
Income from operations	17,139	8,039	41,308	18,935
Other income (expense), net:
Interest expense	(257)	(136)	(512)	(275)
Interest income	1,316	450	2,404	790
Other expense, net	(87)	(441)	(364)	(1,866)
Total other income (expense), net	972	(127)	1,528	(1,351)
Net income before income taxes	18,111	7,912	42,836	17,584
Income tax provision	1,772	1,229	7,474	3,751
Net income	16,339	6,683	35,362	13,833
Net income per share:
Basic:	$0.38	$0.16	$0.84	$0.34
Diluted:	$0.36	$0.15	$0.79	$0.32
Weighted average common shares outstanding:
Basic:	42,500,355	40,948,365	42,148,992	40,861,218
Diluted:	45,248,792	43,292,261	44,600,401	43,359,993

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