Egg shortages have caused a frenzy among American shoppers this year as the bird flu epidemic takes a toll on US egg production. But premium egg producer Vital Farms (VITL) expects some improvement later this year.
“Near-term demand trends are strong and the long-term runway is solid, given continued market share gains of pasture-raised eggs via favorable macro trends and initiatives, including higher household penetration, new distribution, greater shelf space, and new products,” Sarang Vora, a research analyst at Telsey Advisory Group, wrote in a note to clients.
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