Recap: Vital Farms Q1 Earnings

Vital Farms (NASDAQ:VITL) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:20 AM. Here’s what…

Vital Farms (NASDAQ:VITL) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:20 AM.

Here’s what investors need to know about the announcement.

Earnings

Vital Farms beat estimated earnings by 220.0%, reporting an EPS of $0.16 versus an estimate of $0.05.

Revenue was up $42.11 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 3.19% drop in the share price the next day.

Here’s a look at Vital Farms’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.04 0.01 -0.03 -0.07
EPS Actual 0.04 0.02 0 -0.04
Revenue Estimate 100.29M 88.84M 79.84M 76.37M
Revenue Actual 110.08M 92.04M 82.87M 77.06M

To track all earnings releases for Vital Farms visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Total
0
Shares
Related Posts
Read More

Canopy Growth Reports 7% YoY Increase In Q4 Net Revenue, Continues Focus On Innovation In Canada And International Expansion

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Thursday financial results for the fourth quarter and fiscal year ended March 31, 2024.Fourth quarter net revenue for the company's subsidiary Storz & Bickel which manufactures high-end and medically certified cannabis vaporizers surged 43% year-over-year to CA$22million ($16 million).Moreover, Canada's cannabis net revenue in the same period increased 4% year-over-year led by a 16% increase in the Canada medical cannabis business that saw its 5th consecutive quarter of revenue growth.

CGC