Freshpet's stock rises 13% as Q4 revenue and profit exceed estimates, with 29.9% net sales growth to $215.4M.
Pet-food company Freshpet's stock rises 13% after Q4 revenue and profit exceed analyst estimates, with net sales increasing 29.9% to $215.4M. Gross profit margin improved to 34.6% due to better plant expense leverage and reduced quality costs. Freshpet reports a 6th consecutive year of over 25% net sales growth, with a strong balance sheet and plans to leverage resources for capital needs in 2024.
February 26, 2024
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