Grazing Record Revenues in Q1 - Revenue set to Double to $1 Billion by 2027!
Vital Farms (VITL) is one of the leading suppliers of pasture-raised egg and butter products in the USA. It cooperates with over 300 family farms located in the climate-friendly "Pasture Belt", whose products are sold via a network of 24,000 retail outlets after being processed in the company's own Egg Central Station. Restaurants are also supplied directly. Consumers are increasingly willing to spend more money on high-quality and environmentally friendly products. Surveys show that 36% of Vital Farms customers would rather leave a store than...
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Surveys show that 36% of Vital Farms customers would rather leave a store than buy products from the competition. On May 9, the company delivered one of the strongest quarters in its history with a 24.1% increase in record sales and a doubling of net profit. This increase followed sales growth of 55% in the same quarter last year, when the category was impacted by avian flu. DA Davidson and Lake Street analysts raised price targets to $45 (Buy), emphasizing that 2024 could represent a surprisingly significant advance that could "significantly boost" future estimates.
Revenues are expected to more than double to $1 billion by 2027. A new facility in Indiana is expected to be operational from 2026 to support scaling and increase reach to 32,000 locations and 550 family farms. The share has already gained 165% this year and scores top marks in the growth check. With a P/S ratio of 3 and a P/E ratio of over 45, the share is no longer cheap, but is an interesting option for new long maneuvers for traders in view of the new breakout attempt.
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