Exhibit 99.1 freshne Freshpet, Inc. Reports Third Quarter 2024 Financial Results th 25 Consecutive Quarter of >25% Year on Year Net Sales Growth Strong Operating Performance Drove Significant Margin Expansion & Cash Generation Company Raises 2024 Net Sales and Adjusted EBITDA Guidance Bedminster, N.J. – November 4, 2024 – Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today reported financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Compare ...

Freshpet (FRPT) closed at $134.68 in the latest trading session, marking a +0.78% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.27% for the day. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%. The seller of refrigerated fresh pet food's stock has dropped by 1.55% in the past month, exceeding the Consumer Staples sector's loss of 2.6% and lagging the S&P 500's gain of 2%. Market participants will be closely following the financial results of F ...

Investment Rating - The report maintains an "Add" rating for Freshpet [1] Core Insights - Freshpet's revenue for H1 2024 reached $459 million, a year-on-year increase of 30.9%, with a gross profit of $182 million, up 65.5% year-on-year, resulting in a gross margin of 39.7% [1] - The company continues to penetrate the market through its refrigerator distribution model, with Freshpet Fridges installed in approximately 27,497 retail locations as of June 30, 2024 [1] - Strong marketing efforts have increased customer loyalty, with the proportion of super heavy and heavy users rising from 27% in 2020 to 37% in H1 2024 [1] - Freshpet has been expanding its production capacity since 2019, with a new Texas factory expected to generate $1.8 billion in total output by 2027 [1] - The company is projected to achieve revenues of $984 million, $1.205 billion, and $1.455 billion for 2024, 2025, and 2026 respectively, with net profits of $20 million, $39 million, and $56 million [1][3] Financial Summary - For 2024E, Freshpet's revenue is estimated at $766.9 million, with a year-on-year growth rate of 28.3% [3][8] - The net profit for 2024E is projected to be $20.1 million, marking a significant recovery from a loss of $33.6 million in 2023A [3][7] - The adjusted EBITDA is expected to grow significantly, with a growth rate of 94.6% in 2024E [8] - The gross margin is projected to improve to 35.7% in 2024E, with a net profit margin of 3.2% [8]

Freshpet (FRPT) closed the latest trading day at $141.24, indicating a +0.23% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.7%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%. The seller of refrigerated fresh pet food's stock has climbed by 6.11% in the past month, exceeding the Consumer Staples sector's gain of 2.99% and the S&P 500's gain of 1.27%. Analysts and investors alike will be keeping a close eye on the performance of Freshpet in i ...

In this article, we take a closer look at Freshpet, Inc. (NASDAQ: FRPT ), a company that has delivered an impressive 61% YTD return. However, with a forward P/E ratio of 200, investors are worried about the company valuation that appears expensive, especially Welcome to Growth Arcane, where we specialize in uncovering opportunities with compelling fundamental characteristics and robust long-term catalysts. With a primary focus on the US market, we delve into various industries, regardless of their market ca ...

In the latest market close, Freshpet (FRPT) reached $135.22, with a -0.91% movement compared to the previous day. This change lagged the S&P 500's 0.45% gain on the day. At the same time, the Dow lost 0.23%, and the tech-heavy Nasdaq gained 0.84%. Shares of the seller of refrigerated fresh pet food have appreciated by 5.46% over the course of the past month, outperforming the Consumer Staples sector's gain of 4.88% and the S&P 500's gain of 2.54%. The investment community will be closely monitoring the perf ...

BEDMINSTER, N.J., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that the Compensation and Human Capital Management Committee of its Board of Directors approved an equity award as an inducement material to Nicki Baty's acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). In connection with her previously announced appointment to Chief Operating Officer, Ms. Baty was granted, effective September 1, 2024, i ...

BEDMINSTER, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today announced that members of the executive management team will participate in the following upcoming investor conferences: On Thursday, September 5, 2024, the Company will participate in a fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 2:15 p.m. EDT. On Tuesday, September 10, 2024, the Company will participate in a fireside chat at the Piper Sandler Growth Fron ...

Freshpet (FRPT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. In ...

Shares of Freshpet gained on a delayed reaction to a strong earnings report. Shares of Freshpet (FRPT 4.64%), the maker of fresh, refrigerated dog and cat food, were moving higher the day after the company delivered a better-than-expected earnings report. After the stock got swept up in the broader market sell-off yesterday, it redeemed itself today, tacking on 3.9% as of 1:45 p.m. ET with the help of a bullish analyst note. Freshpet keeps up the growth Freshpet has been gaining market share in the pet food ...