Freshpet (FRPT) Reports In-Line Q1 EPS; Reiterates Outlook

Freshpet (NASDAQ: FRPT) reported Q1 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $31.5 million versus the consensus estimate of $31.48 million.

GUIDANCE:

Freshpet sees FY2016 revenue of $137 million, versus the consensus of $137.3 million.

“We are pleased with our start to 2016 and the significant progress we made across key operational and financial business metrics,” said Richard Thompson, Freshpet’s Chief Executive Officer. “In the first quarter we generated solid net sales and adjusted EBITDA growth as we continued to benefit from increased velocity per fridge and increased store count. We expect our efforts to drive greater leverage across our business model, improve profitability and enhance long-term shareholder value as we progress through 2016.”

For earnings history and earnings-related data on Freshpet (FRPT) click here.

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