Freshpet Stock Jumps As Pet Food Maker Swings to Larger-Than-Expected Profit

Dow Jones02-26

Freshpet Inc.’s stock was up by 13% in premarket trading on Monday after the pet food company’s fourth-quarter revenue and profit topped analyst estimates.

Freshpet said it earned $15.66 million, or 31 cents a share in the fourth quarter. In the year-ago period, Freshpet lost $2.59 million, or 6 cents a share. Analysts estimated Freshpet would earn 7 cents a share in the latest quarter, according to FactSet data.

Freshpet cited higher sales, increased gross margin, and reduced logistics costs as a percentage of net sales for its higher profit. These factors were partially offset by increased media spending of $10.4 million and higher overall expenses. Freshpet’s sales climbed to $215.4 million from $165.8 million, ahead of the FactSet consensus estimate of $204.6 million.

Looking ahead, Freshpet expects 2024 sales of about $950 million, ahead of the analyst estimate of $945.5 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2414883579?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-26 20:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2414883579","market":"us","top_or_hot":-1,"title":"Freshpet Stock Jumps As Pet Food Maker Swings to Larger-Than-Expected Profit","media":"Dow Jones","content":"<html><head></head><body><p>Freshpet Inc.’s stock was up by 13% in premarket trading on Monday after the pet food company’s fourth-quarter revenue and profit topped analyst estimates. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d48e7df67db2db1762c41d04d0afc49d\" title=\"\" tg-width=\"842\" tg-height=\"615\"/></p><p>Freshpet said it earned $15.66 million, or 31 cents a share in the fourth quarter. In the year-ago period, Freshpet lost $2.59 million, or 6 cents a share. Analysts estimated Freshpet would earn 7 cents a share in the latest quarter, according to FactSet data. </p><p>Freshpet cited higher sales, increased gross margin, and reduced logistics costs as a percentage of net sales for its higher profit. These factors were partially offset by increased media spending of $10.4 million and higher overall expenses. Freshpet’s sales climbed to $215.4 million from $165.8 million, ahead of the FactSet consensus estimate of $204.6 million.</p><p> Looking ahead, Freshpet expects 2024 sales of about $950 million, ahead of the analyst estimate of $945.5 million.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Freshpet Stock Jumps As Pet Food Maker Swings to Larger-Than-Expected Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFreshpet Stock Jumps As Pet Food Maker Swings to Larger-Than-Expected Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-26 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Freshpet Inc.’s stock was up by 13% in premarket trading on Monday after the pet food company’s fourth-quarter revenue and profit topped analyst estimates. Freshpet said it earned $15.66 million, or ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0266013472.USD","symbol_name":"AXA WF - Framlington Longevity Economy A Cap USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2414883579","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2414883579","pubTimestamp":1708950000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Freshpet Inc.'s stock  was up by 10% in premarket trading on Monday after the pet food company's fourth-quarter revenue and profit topped analyst estimates. Freshpet said it earned $15.66 million, or 31 cents a share in the fourth quarter. In the year-ago period, Freshpet lost $2.59 million, or 6 cents a share. Analysts estimated Freshpet would earn 7 cents a share in the latest quarter, according to FactSet data. Freshpet cited higher sales, increased gross margin, and reduced logistics costs as a percentage of net sales for its higher profit. These factors were partially offset by increased media spending of $10.4 million and higher overall expenses. Freshpet's sales climbed to $215.4 million from $165.8 million, ahead of the FactSet consensus estimate of $204.6 million. Looking ahead, Freshpet expects 2024 sales of about $950 million, ahead of the analyst estimate of $945.5 million.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","FRPT":"Freshpet","BK4212":"包装食品与肉类"},"translate_title":"宠物食品制造商利润超出预期，Freshpet股价飙升","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRPT":1},"content_text":"Freshpet Inc.’s stock was up by 13% in premarket trading on Monday after the pet food company’s fourth-quarter revenue and profit topped analyst estimates. Freshpet said it earned $15.66 million, or 31 cents a share in the fourth quarter. In the year-ago period, Freshpet lost $2.59 million, or 6 cents a share. Analysts estimated Freshpet would earn 7 cents a share in the latest quarter, according to FactSet data. Freshpet cited higher sales, increased gross margin, and reduced logistics costs as a percentage of net sales for its higher profit. These factors were partially offset by increased media spending of $10.4 million and higher overall expenses. Freshpet’s sales climbed to $215.4 million from $165.8 million, ahead of the FactSet consensus estimate of $204.6 million. Looking ahead, Freshpet expects 2024 sales of about $950 million, ahead of the analyst estimate of $945.5 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2414883579"}