Vital Farms leaps on raising 2021 revenue outlook

Vital Farms

09/11/2021 13:33

** Shares of egg seller  VITL.O  up as much as 6.52% at
$17.49 premarket 
    ** Co raises 2021 net revenue forecast to between $253 to
$256 million vs $246 to $253 million outlined previously 
    ** Co's Q3 revenue rose 21.1% to $64.6 million helped by
increase in egg-related sales and increase in customers
 urn:newsml:reuters.com:*:nGNX64tPwS
    ** The company increased network of family farms to over 250
and expanded retail distribution to over 18,000 stores - CEO
    ** Stock down ~35% YTD, as of last close

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))