Freshpet (FRPT) Misses Q1 EPS by 3c

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Freshpet, Inc. Reports First Quarter 2015 Financial Results

May 7, 2015 4:07 PM EDT

First Quarter Net Sales Increased Approximately 40% to $27.1 Million

Company Reiterates Guidance

SECAUCUS, N.J., May 7, 2015 (GLOBE NEWSWIRE) -- Freshpet, Inc. ("Freshpet" or the "Company") (Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights Compared to Prior Year Period

Net sales were $27.1 million, up 39.8% Gross margin increased 100 basis points to 49.0% Adjusted EBITDA increased $1.2 million to $2.0 million Freshpet Fridges increased 20.9% to 14,019 from 11,596

"We... More