Why Pet Food Company Freshpet's Shares Are Jumping Today

Grand News Network | November 6, 2023

Freshpet Inc (NASDAQ: FRPT) reported third-quarter FY23 sales growth of 32.6% year-on-year to $200.60 million, beating the analyst consensus estimate of $194.11 million.

Net sales for the third quarter of 2023 were driven by both velocity gains and pricing.

Gross profit increased 48.9% Y/Y to $66.3 million, with the margin expanding from 29.4% to 33%. The increase in gross margin was primarily due to ...

Full story available on Benzinga.com

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