Freshpet Surges On Strong Q3 Earnings Beat, 25th Quarter Of Double-Digit Sales Growth: Details

Freshpet, Inc. (NASDAQ:FRPT) shares are trading higher after the company reported better-than-expected third-quarter results.

EPS for the quarter was $0.24, an improvement from a loss of $0.15 a year ago, topped the analyst consensus of $0.08.

Quarterly sales of $253.367 million beat the street view of $248.211 million. Volume gains of 26.1% primarily drove the increase in net sales.

For the third quarter, adjusted gross profit was $117.7 million, or 46.5% of net sales, compared to $80.6 million, or 40.2% of net sales, for the prior year period.

Adjusted EBITDA rose $20.2 million YoY to $43.5 million, and margin expanded by 560 bps to 17.2%.

As of September 30, the company ...