Freshpet Expects 2024 Net Sales Of At Least $950M Vs. $945.74M Consensus, Adjusted EBITDA Of $100M-$110M And Capital Expenditures Of ~$210M
Portfolio Pulse from Benzinga Newsdesk
Freshpet projects its 2024 net sales to reach at least $950 million, surpassing the consensus estimate of $945.74 million. The company also forecasts an adjusted EBITDA between $100 million and $110 million, with capital expenditures around $210 million. This guidance indicates a minimum 24% increase in net sales from 2023.
February 26, 2024 | 11:35 am
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Freshpet expects 2024 net sales to surpass consensus estimates, aiming for at least $950 million, with adjusted EBITDA between $100M-$110M and significant capital expenditures.
Freshpet's guidance for 2024 indicates a strong growth trajectory, with net sales expected to exceed consensus estimates and a significant increase in adjusted EBITDA. This positive outlook, especially the anticipated sales growth of at least 24% from 2023, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in FRPT's stock price.
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