Freshpet (FRPT) Tops Q1 EPS by 60c, provides guidance

Freshpet (NASDAQ: FRPT) reported Q1 EPS of $0.37, $0.60 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $223.8 million versus the consensus estimate of $216.17 million.

GUIDANCE:

Freshpet sees FY2024 revenue of $950 million, versus the consensus of $955.4 million,
an increase of at least 24% from 2023, unchanged from the previous guidance,
Adjusted EBITDA of at least $120 million, compared to a range of $100 to $110 million in the previous guidance, and
Capital expenditures of ~$210 million, unchanged from the previous guidance.

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

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