Freshpet (FRPT) Misses Q1 EPS by 3c, Revenues Beat

Freshpet (NASDAQ: FRPT) reported Q1 EPS of ($0.10), $0.03 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $43.2 million versus the consensus estimate of $42.06 million.

“We are pleased with our start to 2018. Our first quarter results demonstrate that we can accelerate our growth on top of last year’s strong performance behind our Feed the Growth strategy. Our compelling advertising, focused innovation, and increased retail presence all contributed to an acceleration in consumption and net sales,” said Billy Cyr, Freshpet’s Chief Executive Officer. “We continue to believe Freshpet is well positioned to meet both our annual and longer-term growth goals.”

For full year 2018, the Company reiterated its guidance and continues to expect the following results compared to prior year:

• To exceed net sales of $185 million, an increase greater than 21%
• To exceed Adjusted EBITDA of $20.0 million, an increase greater than 14%

For earnings history and earnings-related data on Freshpet (FRPT) click here.

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