Freshpet Q1 EPS $0.37 Beats $(0.22) Estimate, Sales $223.85M Beat $215.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Freshpet (NASDAQ:FRPT) reported Q1 earnings of $0.37 per share, surpassing the $(0.22) estimate, marking a 268.18% beat and a 171.15% increase from last year's losses. Sales reached $223.85M, exceeding the $215.97M estimate by 3.65% and showing a 33.62% increase from the previous year.
May 06, 2024 | 10:31 am
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Freshpet's Q1 earnings and sales significantly exceeded analyst expectations, with earnings per share at $0.37 against a $(0.22) estimate and sales of $223.85M surpassing the $215.97M forecast.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, indicates strong company performance and operational efficiency. This is likely to positively influence investor sentiment and could lead to a short-term uptick in FRPT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100