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Stock impact report

Freshpet shares surge on another outlook upgrade [Yahoo! Finance]

Freshpet, Inc. (FRPT) 
Last freshpet, inc. earnings: 2/25 06:05 am Check Earnings Report
Company Research Source: Yahoo! Finance
“We are raising our net sales and adjusted EBITDA guidance for 2024 to reflect this continued strong performance and our confidence in our ability to finish the year strongly,” CEO Billy Cyr said yesterday (4 November) as Freshpet reported third-quarter revenue growth of 26.3%. It was a 25th consecutive quarter where Freshpet has posted a sales performance above the 25% mark, a level the business is targeting annually through 2027, along with $1.8bn in sales. And profits turned back into the black after retreating into negative territory in the second quarter. With a little under two months until the end of Freshpet's 2024 financial year, the premium refrigerated pet-food producer for cats and dogs lifted its sales guidance for the second time and the adjusted EBITDA outlook for a third occasion since revealing initial estimates in February. Full-year sales are now expected to grow at a 27% pace to reach “about” $975m, an uplift from the 26% to “at least” $965m forecast provide Show less Read more
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