Vital Farms sees FY23 net revenue of more than $465M, consensus $458.9M

Management now expects Adjusted EBITDA of more than $35 million for the full fiscal year 2023. Finally, management now expects fiscal year 2023 capital expenditures in the range of $16 to $21 million. Thilo Wrede, Vital Farms’ Chief Financial Officer, commented: “We are pleased with our outstanding financial performance so far this year. We believe the underlying trajectory of our business remains strong and the company is set up well to deliver our updated guidance for fiscal year 2023.”