Freshpet, Inc. (NASDAQ:FRPT ) Q2 2024 Earnings Conference Call August 5, 2024 8:00 AM ET Company Participants Rachel Ulsh - Vice President Investor Relations Billy Cyr - Chief Executive Officer Todd Cunfer - Chief Financial Officer Scott Morris - Chief Operating Officer Conference Call Participants Ken Goldman - JP Morgan Bill Chappell - Truist Securities Robert Moskow - TD Cowen Brian Holland - D.A. Davidson Mark Astrachan - Stifel Peter Benedict - Baird Rupesh Parikh - Oppenheimer Bryan Spillane - Bank of America Michael Lavery - Piper Sandler Jon Anderson - William Blair Tom Palmer - Citi Marc Torrente - Wells Fargo Operator Greetings.
Freshpet (FRPT) narrowed its second-quarter loss and raised its guidance as more pet owners are buying its specialty dog and cat food.
Freshpet (FRPT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.35 per share a year ago.
Shares of Freshpet Inc. climbed in early Monday trading, after the provider of “real food” for pets reported second-quarter sales that rose above expectations and raised its full-year outlook.
Freshpet (FRPT) reachead $118.52 at the closing of the latest trading day, reflecting a -1.61% change compared to its last close.
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Freshpet (FRPT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Freshpet, Inc.'s volume growth has accelerated and returned to levels exceeding +20% in recent times, which suggests that inflationary pressures have become less of a challenge for the company's customers. Freshpet is well-positioned to report positive GAAP earnings this year for the first time since its 2014 listing, as the company has managed its product costs well. I revise my rating for Freshpet, Inc. shares to a Buy, considering the company's favorable financial outlook that could drive further valuation re-rating.
Freshpet (FRPT) reachead $131.21 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.
Freshpet (FRPT) closed at $128.17 in the latest trading session, marking a -1.35% move from the prior day.
Freshpet delivered another round of strong top-line growth in the first quarter. It also impressed investors with strong margin expansion.
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