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Freshpet, Inc Reports First Quarter 2024 Financial Results

Company Updates 2024 Outlook; Raises Adjusted EBITDA GuidanceNet Sales Driven by Volume-Based Growth Profitability Improvement Driven by Lower Input, Quality and Logistics Costs SECAUCUS, N.J., May .

Surprise profit at Freshpet, revenue up 34%

Why Pet Food Company Freshpet s Shares Are Jumping Today - Freshpet (NASDAQ:FRPT)

Freshpet Inc surges on solid Q1 FY24 earnings, beating sales estimates with a 33.6% YoY growth to $223.85 million. Gross profit skyrockets by 73.6%, reaching $88.2 million, as margins expand to 39.4%. Improved efficiency and lower input costs drive profitability, while adjusted EBITDA soars to $30.6 million.

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