Vital Farms Reports Fourth Quarter and Fiscal Year 2023 Financial Results
AUSTIN, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today reported financial results for its fourth quarter (14 weeks) and fiscal year (53 weeks) ended December 31, 2023.
- Financial highlights for the fourth quarter ended December 31, 2023 (14 weeks) compared to the fourth quarter ended December 25, 2022 (13 weeks):
Net Revenue increased 23.4% to $135.8 million, compared to $110.1 million. - For the 14 Weeks Ended December 31, 2023
Net revenue increased 23.4% to $135.8 million in the fourth quarter of 2023, compared to $110.1 million in the fourth quarter of 2022. - Income from operations in the fourth quarter of 2023 was $9.1 million, compared to income from operations of $3.4 million in the fourth quarter of 2022.
- Thilo Wrede, Vital Farms’ Chief Financial Officer, commented: “We are very pleased with the financial performance we delivered in the fourth quarter and throughout 2023, highlighted by our record net revenue and improved profitability.