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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 ...
Shares were trading Monday morning at more than double the 52-week low price of $54.60.
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.
Robust Sales Growth and Margin Expansion Highlight Freshpet's First Quarter Achievements
FRPT earnings call for the period ending March 31, 2024.