Freshpet Q2 EPS $(0.35) Beats $(0.38) Estimate, Sales $183.30M Miss $185.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Freshpet (NASDAQ:FRPT) reported Q2 losses of $(0.35) per share, beating the analyst consensus estimate of $(0.38) by 7.89%. However, the company's quarterly sales of $183.30 million missed the analyst consensus estimate of $185.75 million by 1.32%. This represents a 22.22% increase in losses and a 25.54% increase in sales compared to the same period last year.
August 07, 2023 | 10:31 am
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NEUTRAL IMPACT
Freshpet's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty in the market.
Freshpet's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which could be a concern for investors. This mixed performance could lead to uncertainty in the market, potentially impacting the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100