Freshpet ( (FRPT) ) has provided an announcement.
Freshpet reported robust financial results for Q3 2024, marking its 25th consecutive quarter of over 25% year-over-year net sales growth. The company saw a 26.3% increase in net sales to $253.4 million, alongside a significant rise in net income to $11.9 million, compared to a loss in the prior year. The improved performance was driven by increased sales volume, a stronger gross margin, and reduced logistics costs. Freshpet has raised its 2024 sales and Adjusted EBITDA guidance, signaling confidence in continued strong performance and shareholder value creation.
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