Vital Farms Reports Third Quarter 2024 Financial Results and Raises Fiscal Year 2024 Outlook
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Vital Farms reported a strong third quarter for 2024 with net revenue of $145 million, marking a 31.3% increase from the previous year. The company has raised its fiscal year 2024 guidance and remains on track to achieve its long-term goal of $1 billion in net revenue by 2027.
November 07, 2024 | 12:30 pm
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Vital Farms reported a 31.3% increase in Q3 2024 net revenue to $145 million and raised its fiscal year 2024 guidance. The company is on track to reach its $1 billion net revenue target by 2027.
The significant increase in revenue and the raised guidance for fiscal year 2024 are positive indicators for Vital Farms. The company's progress towards its long-term revenue target suggests strong growth potential, likely leading to a positive short-term impact on the stock price.
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