Freshpet, Inc. Reports First Quarter 2024 Financial Results
Freshpet, Inc. (FRPT)
Last freshpet, inc. earnings: 2/25 06:05 am
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US:NASDAQ Investor Relations:
investors.freshpet.com/investors/investor-overview/default.aspx
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Source: GlobeNewswire
Company Updates 2024 Outlook; Raises Adjusted EBITDA GuidanceNet Sales Driven by Volume-Based Growth Profitability Improvement Driven by Lower Input, Quality and Logistics Costs SECAUCUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Compared to Prior Year Period Net sales of $223.8 million, an increase of 33.6%.Gross margin of 39.4%, compared to the prior year period of 30.3%.Adjusted Gross Margin of 45.3%, compared to the prior year period of 38.5%.Net income of $18.6 million, compared to the prior year period net loss of $24.8 million.Adjusted EBITDA of $30.6 million, compared to the prior year period of $3.0 million.1 "Our strong first quarter results provide solid evidence that we can deliver our long-term financial goals– and we are now determined to prove that we can achieve this level of performance cons
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News
- Are You Looking for a Top Momentum Pick? Why Freshpet (FRPT) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- Freshpet, Inc. (NASDAQ: FRPT) had its price target raised by analysts at TD Cowen from $128.00 to $143.00. They now have a "buy" rating on the stock.MarketBeat
- Freshpet, Inc. (NASDAQ: FRPT) had its price target raised by analysts at Wells Fargo & Company from $124.00 to $140.00. They now have an "overweight" rating on the stock.MarketBeat
- Freshpet, Inc. (NASDAQ:FRPT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Freshpet, Inc. (NASDAQ: FRPT) had its price target raised by analysts at DA Davidson from $138.00 to $153.00. They now have a "buy" rating on the stock.MarketBeat
FRPT
Earnings
- 5/6/24 - Beat
FRPT
Sec Filings
- 5/16/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- FRPT's page on the SEC website