| Schedule of Basic and Diluted Net Income Per Share |
Basic and diluted net income per share attributable to Vital Farms, Inc. common stockholders were calculated as follows:
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13-Weeks Ended |
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26-Weeks Ended |
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June 29,
2025 |
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June 30,
2024 |
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June 29,
2025 |
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June 30,
2024 |
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Numerator: |
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Net income |
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$ |
16,638 |
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$ |
16,339 |
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$ |
33,539 |
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$ |
35,362 |
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Denominator: |
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Weighted average common shares outstanding — basic |
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44,591,484 |
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42,500,355 |
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44,421,116 |
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42,148,992 |
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Weighted average effect of potentially dilutive securities: |
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Effect of potentially dilutive stock options |
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692,884 |
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2,139,855 |
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783,166 |
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2,044,539 |
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Effect of potentially dilutive RSUs |
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209,821 |
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389,866 |
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304,073 |
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317,531 |
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Effect of potentially dilutive PSUs |
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302,757 |
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207,040 |
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295,414 |
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71,398 |
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Effect of potentially dilutive common stock issuable pursuant to the ESPP |
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7,212 |
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11,676 |
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12,105 |
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17,941 |
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Weighted average common shares outstanding — diluted |
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45,804,158 |
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45,248,792 |
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45,815,874 |
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44,600,401 |
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Net income per share |
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Basic |
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$ |
0.37 |
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$ |
0.38 |
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$ |
0.76 |
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$ |
0.84 |
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Diluted |
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$ |
0.36 |
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$ |
0.36 |
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$ |
0.73 |
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$ |
0.79 |
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| Schedule of Common Shares Excluded from Computation of Diluted Earnings Per Share |
The Company excluded the following shares of common stock, outstanding at each period end, from the computation of diluted net income per share attributable to Vital Farms, Inc. common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
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13-Weeks Ended |
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26-Weeks Ended |
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June 29,
2025 |
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June 30,
2024 |
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June 29,
2025 |
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June 30,
2024 |
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Options to purchase common stock |
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1,281 |
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1,933 |
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— |
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1,401 |
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Unvested RSUs |
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— |
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602 |
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— |
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1,411 |
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Unvested PSUs |
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— |
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525 |
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— |
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174 |
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1,281 |
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3,060 |
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— |
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2,986 |
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