Why Is Freshpet Stock Rocketing Today?



Freshpet Inc (NASDAQ:FRPT) reported fourth-quarter fiscal 2023 sales growth of 29.9% year-on-year to $215.42 million, beating the consensus of $204.36 million.

Net sales for the quarter were driven primarily by volume gains of 25%. EPS was $0.31, sharply above the consensus of $0.05.

Gross profit increased to $74.57 million from $45.71 million YoY, and Adjusted gross profit was $88.52 million (+61.6% Y/Y). The adjusted gross margin expanded by 806 bps to 41.1%.

The company’s net income was $15.3 million compared to a net loss …

Full story available on Benzinga.com


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