Core Points - Freshpet, Inc. has appointed Ivan Garcia as Interim Chief Financial Officer effective October 17, 2025, succeeding Todd Cunfer who is leaving for an opportunity outside the company [2][4] - The company has initiated an external search for a permanent CFO with the help of an executive search firm [2] - Freshpet has reaffirmed its fiscal 2025 guidance, expecting to report third-quarter financial results on November 3, 2025 [4] Company Leadership - Ivan Garcia has been with Freshpet since before its IPO in February 2014, holding various positions including Vice President of Finance since July 2023 and Vice President Corporate Controller from October 2020 to June 2023 [3][4] - The CEO, Billy Cyr, expressed confidence in Garcia's ability to lead during the transition and highlighted his financial acumen and understanding of the business model [4] Financial Outlook - Freshpet's guidance for fiscal 2025 remains unchanged, indicating confidence in its growth strategy and financial performance [4] - The company has emphasized its commitment to maintaining a strong financial position and executing its growth plans [4]

Core Viewpoint - The Trade Desk's stock price experienced a significant decline of 39% following the announcement of slowing revenue growth, despite meeting expectations [1][2]. Financial Performance - The Trade Desk reported a revenue increase of 19% year-over-year in Q2, totaling $694 million, marking the slowest growth rate in its history aside from a brief dip during the pandemic [2]. - For Q3, the company forecasts revenue of at least $717 million, indicating a growth rate of at least 14%, which has led to several downgrades from Wall Street analysts [2]. Executive Changes - CFO Laura Schenkein is set to step down on August 21, to be replaced by Alex Kayyal, who has been a board member and previously worked at Salesforce [3][4]. - Schenkein has been with The Trade Desk for nearly 12 years and will assist in the transition until the end of the year, suggesting a departure on good terms [4][7]. Market Reactions - The CFO transition has raised concerns among some investors, as such departures can be perceived as red flags regarding the company's financial health [5][10]. - However, there is no immediate indication of any wrongdoing, and the transition appears to be a normal executive change rather than a cause for alarm [6][10]. Competitive Landscape - CEO Jeff Green defended the company's position against competitors like Alphabet, Meta Platforms, and Amazon, asserting that the open internet performs better than these "walled gardens" [9][10]. - Despite this assertion, investor skepticism remains, particularly in light of the company's valuation and recent performance [10].