Freshpet Posts 25% Growth In Q2 Revenue, But Misses Analyst Expectations
Portfolio Pulse from Shivani Kumaresan
Freshpet Inc reported Q2 FY23 sales growth of 25% YoY to $183.30 million, missing the analyst consensus estimate of $185.75 million. Gross profit increased 15.8% YoY to $59.2 million, with the margin contracting from 35% to 32.3%. The operating loss for the quarter widened to $(21.5) million from $(15.8) million last year. The company expects FY23 sales of about $750 million and adjusted EBITDA of at least $55 million.
August 07, 2023 | 3:13 pm
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Freshpet's Q2 FY23 sales growth missed analyst expectations, but the company's shares were climbing 7.6% at last check. The company expects FY23 sales of about $750 million.
Freshpet's Q2 sales growth missed analyst expectations, which could have a negative impact on the stock. However, the company's shares were climbing, indicating that investors may be focusing on the company's positive outlook for FY23 sales.
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