Vital Farms updates long-term financial targets

“Our progress as a brand and as a public company reinforces my enthusiasm about the long-term potential of this business. We believe that what we have built still has significant growth potential within our current categories,” said Russell Diez-Canseco, Vital Farms’ President and CEO. “Vital Farms is well-positioned for continued significant net revenue growth through 2027. The $1 billion net revenue target reflects our confidence in our current business trajectory and the potential we see to further our brand’s momentum. To get there, we will continue increasing brand awareness among consumers, expand retail distribution across new and existing partners, and scale our resilient supply chain.” Update on Long-Term Financial Targets: By the end of fiscal year 2027, management expects to generate annual net revenue of more than $1 billion in its current categories. Management expects gross margin of at least 35% of net revenue by the fiscal year 2027. Management expects Adjusted EBITDA Margin in the range of 12% to 14% of net revenue by the fiscal year 2027.