Shares of Freshpet (FRPT -3.92%) were barking up a tree this week as the maker of perishable dog and cat food delivered a strong fourth-quarter 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 boneFreshpet'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 ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Freshpet (FRPT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Freshpet is one of 193 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Ra ...

Freshpet, Inc. (FRPT) delivered remarkable fourth-quarter 2023 results, with the top and bottom lines increasing year over year. Also, both metrics beat the Zacks Consensus Estimate.The company has enhanced its organizational structure, achieving improved margins through enhanced operational efficiency in logistics, input costs and quality. This progress is reflected in its confidence in achieving its long-term Fresh Future goals.FRPT’s strategic initiatives include expanding production capacity to meet dem ...

Freshpet, Inc. (NASDAQ:FRPT) Q4 2023 Earnings Call Transcript February 26, 2024 8:00 AM ET Company Participants Rachel Ulsh - VP of IR Billy Cyr - CEO Todd Cunfer - CFO Scott Morris - COO Conference Call Participants Rupesh Parikh - Oppenheimer Brian Holland - D.A. Davidson Ken Goldman - JPMorgan Peter Benedict - Baird Mark Astrachan - Stifel Jon Andersen - William Blair Bryan Spillane - Bank of America Bill Chappell - Truist Securities Michael Lavery - Piper Sandler Robert Moskow - TD Cowen Kaumil Gajrawal ...

obtained absent this disclosure. adjusted EBITDA is also an important component of internal budgeting and setting management compensation. The non-GAAP measures are not and should not be considered an alternative to the most comparable GAAP measures or any other figure calculated in accordance with GAAP, or as an indicator of operating performance. The Company's calculation of the non-GAAP financial measures may differ from methods used by other companies. Management believes that the non-GAAP measures are ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Shares of pet food company Freshpet (FRPT 17.35%) surged higher on Monday after the company reported completed financial results for 2023. As of 10:40 a.m. ET, Freshpet stock was up 19% and had hit new 52-week highs.Business is booming for FreshpetIn the fourth quarter of 2023, Freshpet had net sales of $215 million, its highest ever and up 30% from the prior-year period. This was almost $12 million more than what management had expected. And the good news is that its growth was driven by a 25% increase in ...

Freshpet (FRPT) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 244.44%. A quarter ago, it was expected that this seller of refrigerated fresh pet food would post a loss of $0.20 per share when it actually produced a loss of $0.15, delivering a surprise of 25%.Over the last four quarters, ...

Full Year 2023 Net Sales and Adjusted EBITDA Exceed Company GuidanceSixth Consecutive Year of >25% Net Sales GrowthProvides Full Year 2024 Outlook SECAUCUS, N.J., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (NASDAQ:FRPT) today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Compared to Prior Year Period Net sales of $215.4 million, an increase of 29.9%Net income of $15.3 million, compared to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36729 FRESHPET, INC. (Exact name of registrant as specified in its charter) Delaware 20-1884894 (State of Incorporation) (I.R.S. Employer Identification No.) 400 Plaza Drive, 1st Floor Secaucus, New Jersey 07094 (Address of Principal Executive Offices) (Zip Code) (201) 520-4000 (Registrant's telephone nu ...