Vital Farms Updates Long-Term Financial Targets; Company Sets $1B Net Revenue Target For 2027; Maintains 2023 Net Revenue And Adjusted EBITDA Forecast
Portfolio Pulse from Benzinga Newsdesk
Vital Farms (NASDAQ:VITL) has updated its long-term financial targets, setting a $1B net revenue target for 2027. The company maintains its 2023 net revenue and adjusted EBITDA forecast. The company's CEO, Russell Diez-Canseco, expressed confidence in the company's growth potential and plans for expansion. The company's guidance assumes no significant disruptions to the supply chain or its customers.
September 19, 2023 | 1:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Vital Farms' updated financial targets and maintained 2023 forecast indicate confidence in the company's growth potential. However, the company's performance is contingent on no significant disruptions to the supply chain or its customers.
The company's updated financial targets and maintained 2023 forecast indicate a positive outlook for the company's growth. However, the company's performance is contingent on no significant disruptions to the supply chain or its customers, which could impact the company's ability to meet these targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100