earnings
confidence high
sentiment positive
materiality 0.85
Freshpet Q2 sales up 28.3% to $235.3M, net loss narrows to $1.7M from $17M; raises 2024 guidance
Freshpet, Inc.
2024-Q2 EPS reported
$0.34
revenue$459,102,000
- Net sales $235.3M (+28.3% YoY), all volume-driven; gross margin 39.9% (up 760 bps).
- Net loss improved to $1.7M from $17.0M; Adjusted EBITDA $35.1M vs $9.0M prior year.
- Adjusted gross margin 45.9%, up 610 bps; lower input costs and reduced quality costs cited.
- Company raises 2024 net sales and Adjusted EBITDA guidance reflecting H1 outperformance.
- SG&A as % of sales improved to 40.7% from 41.5%, partially offset by higher stock compensation.