Freshpet, Inc. (FRPT) reported solid third-quarter fiscal 2024 results, wherein both the top and the bottom lines beat the Zacks Consensus Estimate and increased year over year.The company reached a key milestone, marking its 25th consecutive quarter of more than 25% year-on-year net sales growth, with strong operational performance. This momentum is expected to continue in the upcoming quarters. Notably, this is the third consecutive quarter where its adjusted gross margin exceeded the 2027 target. This ro ...

Have you been paying attention to shares of Freshpet (FRPT) ? Shares have been on the move with the stock up 9.9% over the past month. The stock hit a new 52-week high of $154.67 in the previous session. Freshpet has gained 73.6% since the start of the year compared to the 3.6% move for the Zacks Consumer Staples sector and the -0.9% return for the Zacks Food - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnin ...

This long-term compounder just keeps rolling.Shares of pet food company Freshpet (FRPT 12.63%) soared on Monday after the company reported financial results for the third quarter of 2024. The report was strong, and management raised guidance. This sent Freshpet stock up 15% as of 2:50 p.m. ET, allowing it to reach 52-week highs.Freshpet is growing and profitableIn Q3, Freshpet grew net sales by 26% year over year to $253 million. And management shared an extraordinary statistic: Q3 marked the 25th consecuti ...

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 ...