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Freshpet Shares Surge On Upgraded 2024 Guidance: Details Here
Freshpet, Inc. (NASDAQ:FRPT) shares rose in the premarket session after the company reported second-quarter earnings per share of $0.03 loss, beating the analyst consensus of $0.08 loss.
Quarterly sales of $235.253 million beat the street view of $231.053 million. Volume gains of 28.3% entirely drove the increase in net sales.
For the second quarter, adjusted gross profit was $108.0 million, or 45.9% as a percentage of net sales, compared to $73.0 million, or 39.8% as a percentage of net sales, for the prior year period.
As of June 30, the company had cash ...