Gross profit was $22.7 million, or 38.3% of net revenue, in the second quarter of 2020, compared to $11.0 million, or 34.1% of net revenue, in the prior year period. NAS. Vital Farms Inc is an ethical food company. authorized, issued, and outstanding as of December 29, 2019 and June 28, 2020, respectively; aggregate liquidation of $40,436 as of June 28, 2020 and December 29, 2019, Common stock, $0.0001 par value per share, 40,348,565 shares authorized as of June 28, 2020, and December 29, 2019; 31,683,486 and 31,429,898 shares issued as of June 28, 2020 and, December 29, 2019, respectively; 26,188,568 and 25,934,980 shares outstanding as of June 28, 2020, Treasury stock, at cost, 5,494,918 common shares as of June 28, 2020 and December 29, 2019, Total stockholders' equity attributable to Vital Farms, Inc. common stockholders, Total liabilities, redeemable noncontrolling interest, redeemable convertible preferred stock and stockholders' equity. Investors should obtain annual reports and other company information to complete their own due

The Company continues to expect to use the net proceeds from the IPO for general corporate purposes, including working capital, operating expenses and capital expenditures, including to further fund the completion of an expansion of its shell egg processing facility, Egg Central Station. Jason Dale, Chief Financial Officer and Chief Operating Officer commented, “We are pleased with our net revenue growth, gross margin expansion and the improvement we have achieved in Adjusted EBITDA, which gives us confidence in our ability to continue delivering growth and profitability as we scale small family farm food to a national audience.”. Capital expenditures totaled $5.4 million for the 26-weeks ended June 28, 2020 compared to $1.5 million in the prior year period. Vital Farms, Inc. (Exact name of Registrant as Specified in Its Charter) Delaware. We believe that Adjusted EBITDA, when taken together with our financial results presented in accordance with GAAP, provides meaningful supplemental information regarding our operating performance and facilitates internal comparisons of our historical operating performance on a more consistent basis by excluding certain items that may not be indicative of our business, results of operations or outlook. Moreover, we operate in a very competitive and rapidly changing environment. Vital Farms to Report Third Quarter 2020 Financial Results on November 10, 20.. Vital Farms Reports Second Quarter 2020 Financial Results. The story of Vital Farms begins back in 2007 on a 27 acre family farm in Austin, TX. acknowledge this fact. Cash and cash equivalents as of June 28, 2020 does not include the net proceeds from the Company’s IPO, nor does it reflect the Company’s payment in full of $1.9 million in outstanding borrowings under the Company’s equipment loan with PNC Bank, which were both completed after the end of the quarter. INK is not an investment advisory service, a financial planner, an investment advisor nor a Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. New risks emerge from time to time. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb). In addition, our use of Adjusted EBITDA may not be comparable to similarly titled measures of other companies because they may not calculate Adjusted EBITDA in the same manner, limiting its usefulness as a comparative measure. Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. We thank all of these essential workers for what they do each day to bring food to households across the country.”, Mr. Diez-Canseco continued, “Going forward, we will continue to execute our growth strategy while remaining true to our culture and values, both of which are rooted in a commitment to Conscious Capitalism and our belief that a company can only be sustainable for the long haul if it’s sustainable for all of its stakeholders – customers and consumers, employees, suppliers, communities and the environment, and stockholders.”.
In addition, our use of Adjusted EBITDA may not be comparable to similarly titled measures of other companies because they may not calculate Adjusted EBITDA in the same manner, limiting its usefulness as a comparative measure. The inclusion of any authored AUSTIN, Texas, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, today reported financial results for its second quarter ended June 28, 2020.


Given the uncertainty regarding the ultimate duration, magnitude and effects of the COVID-19 pandemic, we do not have certainty that these trends will continue.