Freshpet (FRPT) Misses Q3 EPS by 2c; Trims FY15 Outlook
Freshpet (NASDAQ: FRPT) reported Q3 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $30.6 million versus the consensus estimate of $30.2 million.
Outlook
The Company updated its guidance for 2015. For full year 2015, the Company expects the following full year results compared to prior year:
| Current | Prior | |
| Net Sales (1) | $115.5 million to $117.0 million, an increase of 32% to 35% | $117.0 million to $119.5 million |
| Adjusted EBITDA (2) | $10.0 million to $11.0 million, an increase of $4.5 million to $5.5 million | $12.5 million to $14.0 million |
| Freshpet Fridges | 14,900 to 15,000, an increase of 11% to 12% | 15,100 to 15,600 |
| (1) Both current and prior guidance include net sales of approximately $5.0 million associated with our Freshpet Baked test product. | ||
| (2) Current and prior guidance include Adjusted EBITDA loss of $3.8 million and $3.5 million, respectively, associated with our Freshpet Baked test. | ||
For earnings history and earnings-related data on Freshpet (FRPT) click here.