Freshpet gains after Q3 sales beat

Freshpet

03/11/2025 13:07

** Shares of pet food maker Freshpet FRPT.O rise nearly 5.2% to about $51.8 premarket

** FRPT beats Q3 sales estimates, driven by 12.9% volume gain and 1.1% boost from higher pricing and premium product mix

** Posts Q3 net sales of $288.8 mln, above analysts' estimate of $284.2 mln - data compiled by LSEG

** However, co revises 2025 guidance, citing economic uncertainty and rapidly shifting consumer behavior

** Expects net sales growth of ~13%, compared with earlier forecast of increase of 13% to 16% from 2024

** Sees capex of ~140 mln, from ~$175 mln earlier

** As of last close, FRPT down 66.8% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))