Vital Farms Reports First Quarter 2026 Financial Results

About this update from Vital Farms, Inc.

[{"type":"text","content":"First Quarter Net Revenue Grows 15.4% Versus Prior-Year Period to $187.2 Million","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"Announces Plan to Wind Down Butter Business","length":43,"tagName":"p","attribs":{}},{"type":"text","content":"Adjusts Fiscal Year 2026 Net Revenue Outlook to $775 Million to $800 Million and Adjusted EBITDA Outlook to $0 Million to $10 Million","length":133,"tagName":"p","attribs":{}},{"type":"text","content":"AUSTIN, Texas, May 07, 2026--(BUSINESS WIRE)--Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its first quarter ended March 29, 2026.","length":236,"tagName":"p"},{"type":"text","content":"Financial highlights for the first quarter ended March 29, 2026, compared to the first quarter ended March 30, 2025, include:","length":125,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Revenue increased 15.4% to $187.2 million, compared to $162.2 million","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross Margin of 28.3%, compared to 38.5%","length":40,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Loss of $1.5 million, compared to Net Income of $16.9 million","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Loss per Diluted Share of $0.03, compared to Net Income per Diluted Share of $0.37","length":86,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $5.0 million, compared to $27.5 million1","length":59,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":323,"olType":false},{"type":"text","content":""Our first quarter performance fell short of expectations, as the anticipated changes in industry pricing and promotional dynamics in the outdoor access egg subcategory had a much greater impact on our velocities than we expected," said Russell Diez-Canseco, Vital Farms' Executive Chairperson, President and CEO. "We are acting with urgency to restore volume growth by narrowing price gaps versus other outdoor access eggs, which we believe will help reaccelerate our velocities. We are streamlining our cost structure and reducing our CapEx this year to better align our operating model with the current environme...

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