10:55 AM EDT, 05/09/2024 (MT Newswires) -- Vital Farms ( VITL ) shares rose about 27% in recent Thursday trading following its better-than-expected Q1 results.

The company reported Q1 net income of $0.43 per diluted share, up from $0.16 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Net revenue for the quarter ended March 31 was $147.9 million, up from $119.2 million a year earlier.

Analysts surveyed by Capital IQ expected $138.5 million.

For 2024, Vital Farms ( VITL ) said it now expects net revenue of at least $575 million, up from at least $552 million previously. Analysts polled by Capital IQ expect $560.4 million.

Price: 37.88, Change: +7.97, Percent Change: +26.64