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Stock impact report

Freshpet, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Freshpet, Inc. (FRPT) 
Last freshpet, inc. earnings: 2/25 06:05 am Check Earnings Report
Company Research Source: Yahoo! Finance
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. "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 consistently over time,” commented Billy Cyr, Freshpet's Chief Executive Officer. “The strength of the Freshpet business model and consumer proposition continue to drive Show less Read more
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