Vital Farms, Inc. (VITL) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $16.90 million, or $0.37 per share. This compares with $19.02 million, or $0.43 per share, last year.
Analysts on average had expected the company to earn $0.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.6% to $162.19 million from $147.93 million last year.
Vital Farms, Inc. earnings at a glance (GAAP) :
-Earnings: $16.90 Mln. vs. $19.02 Mln. last year.
-EPS: $0.37 vs. $0.43 last year.
-Revenue: $162.19 Mln vs. $147.93 Mln last year.
-Guidance:
Full year revenue guidance: $740 Mln
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