Earnings Releases·Nov 3, 2026, 8:08 AM ET

Vital Farms — Third Quarter 2026 Earnings Summary

Q3 2026 net revenue declined 8.4% YoY to $182.2 million (up 9.7% sequentially), while gross margin contracted to 23.1% from 37.7% YoY, resulting in a $6.5 million net loss compared to $16.4 million net income in the prior-year period.
Fiscal 2026 guidance was lowered to approximately $730 million in revenue (down from $775–$800 million) and a $(15) million Adjusted EBITDA loss (revised from a $0–$10 million gain), citing delayed distribution velocity and unfavorable sales mix.
Management withdrew long-term fiscal 2030 financial targets and expects Q4 2026 to show sequential improvement driven by lower supply-management costs and structural actions.
Capital expenditures totaled $51.7 million for the first 39 weeks of 2026, with $35.0 million in common stock repurchases and $150.6 million in new debt proceeds recorded during the period.