Vital Farms, Inc. (VITL) Bundle
An Overview of Vital Farms, Inc. (VITL)
General Summary of Vital Farms, Inc. (VITL)
Vital Farms, Inc. is a food company specializing in pasture-raised eggs and other farm products. Headquartered in Austin, Texas, the company was founded in 2007 and went public in July 2020.
| Company Metric | 2024 Data |
|---|---|
| Annual Revenue | $523.7 million |
| Number of Partner Farms | 300+ farms |
| Product Distribution | Over 20,000 retail locations |
Key product offerings include:
- Pasture-raised eggs
- Butter
- Egg bites
- Cream cheese
Financial Performance
| Financial Metric | Q4 2023 Results |
|---|---|
| Net Sales | $158.4 million |
| Gross Profit | $41.2 million |
| Net Income | $4.3 million |
Key Financial Highlights:
- Year-over-year sales growth of 12.3%
- Egg product sales representing 85% of total revenue
- Continued expansion in retail markets
Industry Leadership
Vital Farms ranks among the top pasture-raised egg producers in the United States, with a significant market presence in natural and organic food segments.
| Market Position | 2024 Status |
|---|---|
| Market Share (Pasture-Raised Eggs) | 17.5% |
| Retail Locations | Whole Foods, Kroger, Walmart, Target |
Mission Statement of Vital Farms, Inc. (VITL)
Mission Statement Overview of Vital Farms, Inc. (VITL)
Vital Farms, Inc. (VITL) operates with a mission focused on ethical egg and dairy production, emphasizing animal welfare and sustainable agricultural practices.
Core Mission Components
Animal Welfare Commitment
Vital Farms ensures pasture-raised standards across its network:
| Metric | Specification |
|---|---|
| Pasture Space per Hen | 108 square feet |
| Total Pasture Farms | 200+ partner farms |
| Annual Egg Production | 130 million eggs |
Sustainability Objectives
- Regenerative agricultural practices
- Reducing carbon footprint
- Minimizing environmental impact
Product Quality Standards
Vital Farms maintains rigorous quality control:
| Quality Parameter | Standard |
|---|---|
| Antibiotic Usage | Zero antibiotics |
| Hormone Usage | Zero hormones |
| Feed Composition | 100% vegetarian feed |
Economic Performance Indicators
Financial metrics supporting mission execution:
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $510.7 million |
| Net Income | $14.3 million |
| Market Capitalization | $1.2 billion |
Vision Statement of Vital Farms, Inc. (VITL)
Vision Statement of Vital Farms, Inc. (VITL) in 2024
Ethical Egg Production FrameworkVital Farms' vision focuses on regenerative agricultural practices and pasture-raised animal welfare standards. As of Q4 2023, the company maintained 300+ family farms across 14 states producing pasture-raised eggs.
| Metric | 2024 Data |
|---|---|
| Total Pasture-Raised Farms | 328 farms |
| Average Farm Size | 80-100 acres |
| Chickens per Acre | 108 chickens |
Vital Farms aims to expand regenerative agricultural practices across its supply chain.
- Carbon emissions reduction target: 25% by 2030
- Soil health improvement program covering 90% of partner farms
- Water conservation initiatives implemented across 75% of farms
The company targets premium organic egg market segment with pasture-raised positioning.
| Market Segment | 2024 Market Share |
|---|---|
| Pasture-Raised Eggs | 17.3% |
| Organic Egg Market | 12.6% |
Vital Farms maintains rigorous animal welfare protocols across its farming network.
- Minimum 108 sq ft per chicken
- Daily outdoor access guaranteed
- No beak trimming policy
- Comprehensive veterinary monitoring program
Core Values of Vital Farms, Inc. (VITL)
Core Values of Vital Farms, Inc. (VITL) in 2024
Animal Welfare Commitment
Vital Farms maintains rigorous animal welfare standards across its pasture-raised egg production network.
| Metric | 2024 Data |
|---|---|
| Average Pasture Space per Hen | 108 square feet |
| Certified Humane Farms | 200+ partner farms |
Sustainable Agricultural Practices
Vital Farms implements comprehensive environmental sustainability strategies.
- Carbon footprint reduction program
- Regenerative agriculture initiatives
- Water conservation techniques
Transparency in Production
The company emphasizes complete supply chain transparency through detailed tracking mechanisms.
| Transparency Metric | 2024 Performance |
|---|---|
| Farm Traceability | 100% traceable egg production |
| Digital Tracking Platform | Real-time farm monitoring system |
Ethical Business Practices
Vital Farms maintains strict ethical standards in business operations.
- Fair compensation for partner farmers
- Comprehensive supplier code of conduct
- Third-party ethical audits
Community Engagement
The company actively supports agricultural communities and sustainable farming education.
| Community Investment | 2024 Figures |
|---|---|
| Agricultural Education Grants | $750,000 |
| Farmer Support Programs | 15 new initiatives |
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