Vital Farms eyes best day ever on beat-and-raise quarter

Vital Farms

03/08/2023 16:46

** Shares of food retailer Vital Farms Inc.  VITL.O  soars
30.9% to $13.8
    ** Co raises FY23 net revenue forecast to more than $465 mln
from previous outlook of more than $450 mln 
    ** Posts higher- than- expected Q2 revenue of $106.45 mln,
driven by high prices and more retail customers
    ** Stock set to post best day ever, if gains continue
    ** Also posts Q2 adj. EPS of $0.15 vs analysts' estimates of
$0.7 
    ** Including session gains, stock down 8.48% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))