For FY23, Vital Farms Reaffirms Net Revenue Guidance Of More Than $465M Vs. $468.54M Est.
Portfolio Pulse from Benzinga Newsdesk
Vital Farms has reaffirmed its net revenue guidance for FY23 at over $465M, against an estimate of $468.54M. The company's management expects to generate annual net revenue of more than $1 billion by the end of fiscal year 2027. They also anticipate a gross margin of at least 35% of net revenue and an Adjusted EBITDA Margin in the range of 12% to 14% by FY27.
November 02, 2023 | 11:24 am
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Vital Farms' reaffirmation of its FY23 net revenue guidance and long-term financial targets could instill confidence in investors, potentially leading to a positive impact on its stock price.
The reaffirmation of Vital Farms' FY23 net revenue guidance and long-term financial targets indicates the company's confidence in its financial performance and growth prospects. This could be perceived positively by investors, potentially leading to increased demand for the company's stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100