Vital Farms Sees FY24 Revenue $575M Vs $560M Estimate

Author: Benzinga Newsdesk | May 09, 2024 07:44am

For the fiscal year 2024, management now expects:

• Net revenue of at least $575 million, which represents at least 22% growth over fiscal year 2023, compared to the previous expectation of at least $552 million, or at least 17% growth.
• Adjusted EBITDA of at least $70 million, which represents at least 45% growth over fiscal year 2023, compared to the previous expectation of at least $57 million, or at least 18% growth.
• Capital expenditures in the range of $35 million to $45 million, consistent with the previous expectation. Vital Farms will continue to evaluate its capital allocation priorities and will provide updates in future earnings reports as necessary.

Posted In: VITL