Vital Farms reported a second-quarter 2026 net loss of $31.1 million on net revenue of $166.0 million, a 10.1% decline, as the company absorbed $28.1 million in supply management and discrete expenses tied to industry oversupply. Gross margin fell to 6.6% from 38.9% a year earlier, driven by higher input costs, production costs, and an unfavorable sales mix, while adjusted EBITDA was a loss of $26.6 million. Management reaffirmed full-year guidance of $775 million to $800 million in net revenue and $0 to $10 million in adjusted EBITDA, citing narrowed price gaps, distribution gains, and structural cost reductions. The company also announced new credit facilities totaling $185 million, replacing a previous revolving line, and said it will halt construction of its Vital Crossroads facility by the end of 2026 to prioritize liquidity.
Vital Farms IncNet loss, margin collapse, and halted construction due to oversupply and costs.
