FreshPet New Manufacturing Technology to Drive Growth
Dow Jones08-07
1303 ET - FreshPet's new technology and manufacturing execution is expected to drive growth despite slower rates in new families signing up, said D.A. Davison analysts Matt Curtis and Andrew Tompkins. The analysts said that Freshpet's integration of new technology has gone well so far, especially its bag technology. The firm said that while acquisition of new households has slowed there was higher spending among existing households which drove sales. Digital orders also increased, representing nearly 17% of sales. Despite its strong performance in 2Q, the analysts said they expect 3Q to have the lowest sales growth of the year because of headwinds from a large club expansion and shipment timing around July 4.
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