Freshpet (NASDAQ:FRPT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$253.4m (up 26% from 3Q 2023).
- Net income: US$11.9m (up from US$7.17m loss in 3Q 2023).
- Profit margin: 4.7% (up from net loss in 3Q 2023).
- EPS: US$0.24 (up from US$0.15 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Freshpet Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 128%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are up 13% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Freshpet that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:FRPT
Freshpet
Manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe.
Excellent balance sheet with reasonable growth potential.
