Product SalesVITL experienced a decline in butter sales due to a shift in suppliers, moving from U.S. to family farms in Ireland.
ProfitabilityEBITDA margins expected to remain roughly flat year over year, with benefits from lower feed costs offset by higher costs for packaging, butter production, labor, and shipping.
Stock ValuationShares have re-rated over the past six months and now trade at an 18x 2025 EBITDA multiple.