Freshpet (FRPT) Tops Q2 EPS by 5c, misses on revenue, provides outlook

Freshpet (NASDAQ: FRPT) reported Q2 EPS of ($0.35), $0.05 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $183.3 million versus the consensus estimate of $184.71 million.

Outlook

For full year 2023, the Company updates its full year Adjusted EBITDA guidance and reiterates its Net Sales and capital expenditure guidance as follows:

Net sales of ~$750 million, an increase of ~26% from 2022, unchanged from previous guidance.
Adjusted EBITDA of at least $55 million, from previous guidance of at least $50 million.
Capital expenditures for 2023 of ~$240 million, unchanged from previous guidance.

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

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