Freshpet Shares Surge On Upgraded 2024 Guidance: Details Here
Portfolio Pulse from Nabaparna Bhattacharya
Freshpet, Inc. (NASDAQ:FRPT) shares surged in premarket trading after the company reported better-than-expected Q2 earnings and upgraded its 2024 guidance. The company posted a Q2 EPS loss of $0.03, beating the consensus of a $0.08 loss, and quarterly sales of $235.253 million, surpassing the expected $231.053 million. Freshpet raised its 2024 net sales guidance to at least $965 million and adjusted EBITDA to at least $140 million.
August 05, 2024 | 12:42 pm
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Freshpet shares surged after the company reported better-than-expected Q2 earnings and raised its 2024 guidance. The company posted a Q2 EPS loss of $0.03, beating the consensus of a $0.08 loss, and quarterly sales of $235.253 million, surpassing the expected $231.053 million. Freshpet raised its 2024 net sales guidance to at least $965 million and adjusted EBITDA to at least $140 million.
The better-than-expected Q2 earnings and raised guidance for 2024 are positive indicators for Freshpet's financial health and future performance. This has led to a surge in the stock price, reflecting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100