Why Freshpet Stock Leapt 24% Higher in May

A strong earnings report helped drive the pet stock higher. Shares of Freshpet (FRPT -0.85%), the maker of fresh food for dogs and cats, were soaring last month after the company reported better-than-expected, first-quarter earnings, and pet stocks rallied more broadly, potentially signaling the end to a long slump in the industry. As a result, the stock finished May up 24%, according to data from S&P Global Market Intelligence. As you can see from the chart below, Freshpet stock jumped following the earnin ...