Vital Farms Reports Third Quarter 2026 Financial Results
Business Wire•03/11/2026•07:00 ET
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Key Highlights
- ➤Fiscal 2026 revenue outlook cut to around $730 million from $775 million-$800 million
- ➤Fiscal 2026 Adjusted EBITDA outlook cut to a loss around $(15) million
- ➤Q3 net revenue $182.2 million, down 8.4% year over year
- ➤Q3 net loss $6.5 million versus $16.4 million net income year over year
- ➤Fiscal 2030 financial targets withdrawn as Vital Farms reassesses profitability
Expert Statements
Russell Diez-Canseco, Executive Chairperson, President and CEO of Vital Farms
“Q3 represented a meaningful sequential improvement from Q2, consistent with our previously communicated expectation that Q2 would represent the trough in our financial performance. Net revenue and Adjusted EBITDA both improved sequentially, distribution expanded, we reached record dollar and volume share of the shell egg category, and we made progress reducing excess supply and lowering our cost structure.”
Russell Diez-Canseco, Executive Chairperson, President and CEO of Vital Farms
“At the same time, our performance this year has given us a clearer understanding of the factors affecting our growth as the egg category has normalized following several years of disruption from avian influenza. We achieved the distribution gains we expected, although some of that distribution came on shelf later than planned, and we are taking a more conservative view of its near-term velocity contribution. We are focused on building velocity across our expanded distribution base, adding distribution where it makes sense, bringing new households to the Vital Farms brand, and maintaining discipline across supply and costs. We remain confident in Vital Farms’ long-term opportunity, and we are focused on demonstrating sustained progress through more consistent growth and improved profitability over time.”
Thilo Wrede, Chief Financial Officer of Vital Farms
“We continue to expect sequential improvement in Q4 compared with Q3, supported by lower anticipated breaker and supply-management costs, the benefit of recent distribution gains and structural cost actions we have taken across the business.”
Thilo Wrede, Chief Financial Officer of Vital Farms
“Our updated full-year outlook reflects the later-than-anticipated timing of certain new distribution placements, a more conservative assumption for their near-term velocity contribution, and no assumed seasonal uplift in demand or conventional egg pricing.”
Third Quarter Net Revenue of $182.2 Million, Up 9.7% Sequentially from the Second Quarter
Reaches Record Dollar and Volume Share of the Shell Egg Category
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