Vital Farms (VITL) Q2 FY26 earnings call

Vital Farms navigated a challenging Q2 FY26 marked by industry oversupply and price gap issues, resulting in a net sales decline and adjusted EBITDA loss. However, the company's operational calibration plan, focusing on narrowing price gaps, expanding distribution, and reducing structural costs, is showing early positive results. Management reaffirmed full-year guidance, expecting sequential improvement in the second half driven by these strategic actions and a strengthened liquidity position.