Freshpet Inc (FRPT) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Freshpet Inc (FRPT) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $-0.04. The company posted revenue of $33.00 million in the period, compared to analysts expectations of $32.92 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Freshpet Inc closed down -0.14 points or -1.58% at $8.73 with 2,29,658 shares getting traded on Tusday. Post opening the session at $8.88, the shares hit an intraday low of $8.61 and an intraday high of $8.96 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 8, 2016, Michael Hieger (SVP Manufacturing Operations) sold 887 shares at $9.42 per share price. According to the SEC, on Jun 1, 2016, Mary Kathryn Winstanley (Vice President of Marketing) sold 7,171 shares at $9.86 per share price. On May 18, 2016, Stephen Macchiaverna (Sr. VP, Controller, Secretary) sold 3,600 shares at $9.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Freshpet Inc. is a manufacturer of fresh refrigerated pet food distributed across North America. The Company offers products consisting of dog food cat food and dog and cat treats. Its recipes include real fresh meat and varying combinations of vegetables leafy greens and anti-oxidant rich fruits without the use of preservatives additives or artificial ingredients. All of its products are sold under the Freshpet brand name with ingredients packaging and labeling customized by class of retail. It also offers fresh and frozen treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in different forms including slice and serve rolls bagged meals and tubs. Its products are distributed throughout the United States and Canada into retail classes including Grocery and Mass (which includes club) as well as Pet specialty and Natural retail.

Freshpet Inc

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