Vital Farms Reports Q3 2026 Revenue Decline and Lowers Full-Year Guidance
Vital Farms (VITL) reported third-quarter net revenue of $182.2 million, an 8.4% decrease year-over-year, primarily driven by a $14.3 million decline in price/mix as market pricing normalized. While the company achieved a sequential improvement in Adjusted EBITDA to $1.5 million from a second-quarter loss, gross margins fell significantly to 23.1% due to higher production costs and unfavorable sales mix. The company issued lowered full-year 2026 guidance, projecting revenue of approximately $730 million (down from the previous $775-$800 million range) and an Adjusted EBITDA loss of approximately $15 million. Management cited lower seasonal demand, delayed distribution, and consumer migration toward private label products as key headwinds. Despite these challenges, Vital Farms achieved record shell egg volume share and continues to execute structural efficiency actions to reduce SG&A expenses.
Tickers: $VITL
Topics: EBITDA improvement guidance revision market share growth revenue decline