The Golden Egg: Vital Farms Forecasts $1B Net Revenue Target For 2027
Portfolio Pulse from Shivani Kumaresan
Vital Farms Inc (NASDAQ:VITL) has updated its long-term financial targets, forecasting annual net revenue of more than $1 billion by the end of fiscal year 2027. The company also expects a gross margin of at least 35% of net revenue by FY2027 and an adjusted EBITDA Margin in the range of 12% to 14%. For FY23, the company reaffirmed its revenue outlook of more than $465 million and expects Adjusted EBITDA of more than $35 million.
September 19, 2023 | 4:15 pm
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POSITIVE IMPACT
Vital Farms' updated financial targets and positive revenue outlook could boost investor confidence and potentially drive the stock price up in the short term.
The company's strong financial outlook indicates a positive growth trajectory, which is likely to be viewed favorably by investors. This could lead to increased demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100