Vital Farms, Inc. (VITL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

D.S. Penteco, President and Chief Executive Officer of Vital Farms. Thank you, John. Good morning and thank you for your time today. Before talking about the broader business trends, I want to start with a big thank you to the entire Vital Farms crew. We achieved several important milestones since our last earnings call, and these were made possible by the dedication, engagement, and passion of crew across our organization. These milestones include working with more than 500 family farms, an increase of about 50 farms since the first quarter, breaking ground on our Seymour facility, and placing birds on our first accelerator farm. All of these are supply chain milestones that deserve special recognition and support the future growth potential that we see for Vital Farms. Another highlight worth mentioning up front is the appointment of Billy Sear to Vital Farms Board of Directors. As the current CEO of Fresh Pet and with his extensive consumer products expertise, Billy brings valuable experience in brand building, retail partnerships, and scaling operations in the CPG space that will be instrumental as we continue our growth journey. We're thrilled to have Billy join our board. With that, let me talk more about the details of the second quarter. Our second quarter performance exceeded our initial top and bottom line expectations. Net revenue grew to $184.8 million, up .4% year over year, driven by both volume growth and strategic pricing actions. Adjusted EBITDA of $29.9 million represents a new quarterly record for us. I'm pleased to report that the volume growth constraints we faced in the first quarter have begun to ease as we forecasted. We've been able to start rebuilding our inventory and we are seeing continued strength in consumer demand and brand loyalty, ev...