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Stock impact report

Why Freshpet Stock Jumped This Week [Yahoo! Finance]

Freshpet, Inc. (FRPT) 
Last freshpet, inc. earnings: 2/25 06:05 am Check Earnings Report
Company Research Source: Yahoo! Finance
earnings report with a solid improvement in profitability and another quarter of strong revenue growth. As of Thursday's close, the stock was up 23% for the week. Freshpet gets a bone Freshpet's revenue in the quarter rose 29.9% to $215.4 million, well ahead of the analyst consensus of $204.4 million. The company marked its sixth straight year of revenue growth above 25%, showing that demand continues to grow for alternatives to packaged dry food as Freshpet expands its footprint into new supermarkets and pet stores. On the bottom line, the company also said its recent investments in manufacturing, infrastructure, and supply chain, like Kitchens 2.0, are paying off. Freshpet's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped from $18.8 million to $31.3 million in the quarter. The company also flipped a generally accepted accounting principles (GAAP) net loss of $2.9 million to a profit of $15.3 million, or a per-share profit of $0.31. Show less Read more
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