Quarterly ResultMay 7, 2026, 07:08 AM
Vital Farms Q1 Net Loss $1.5M; Cuts FY26 Revenue, EBITDA Outlook
AI Summary
Vital Farms reported a net loss of $1.5 million for Q1 2026, a significant decline from a net income of $16.9 million in the prior year, despite net revenue increasing 15.4% to $187.2 million. The company announced a strategic decision to wind down its butter business by the end of fiscal 2026 to focus on core egg categories. Consequently, Vital Farms adjusted its fiscal year 2026 net revenue outlook to $775-$800 million and its Adjusted EBITDA outlook to $0-$10 million, citing higher promotional spending and costs from egg oversupply.
Key Highlights
- Vital Farms to wind down butter business by end of fiscal 2026.
- Q1 2026 Net Revenue rose 15.4% to $187.2 million.
- Q1 2026 Net Loss was $1.5 million, compared to $16.9 million Net Income in Q1 2025.
- Q1 2026 Adjusted EBITDA fell to $5.0 million from $27.5 million in prior year.
- Fiscal Year 2026 Net Revenue outlook adjusted to $775-$800 million.
- Fiscal Year 2026 Adjusted EBITDA outlook adjusted to $0-$10 million.
- Fiscal Year 2026 Capital expenditures outlook reduced to $70-$75 million.
- Repurchased $20.0 million of common stock in Q1 2026.