Freshpet Sees FY24 Net Sales Of $950M Vs. $954.98M Est.
Portfolio Pulse from Benzinga Newsdesk
Freshpet projects its FY24 net sales to be $950 million, slightly below the estimated $954.98 million.
May 06, 2024 | 10:34 am
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Freshpet's FY24 net sales projection of $950 million falls short of the market estimate of $954.98 million.
Missing the market's sales estimate, even by a small margin, can lead to negative investor sentiment and potentially impact the stock price negatively in the short term. Investors often view any shortfall from expectations as a negative signal, especially for growth-oriented companies like Freshpet.
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