Freshpet slips after downbeat annual sales forecast, Q4 results

Freshpet

20/02/2025 14:48

(Updates)
    ** Shares of pet food maker Freshpet  FRPT.O  fall as much
as 13% to a more than six-month low of $113.52 in early trading
    ** Company forecasts annual net sales in the range of $1.18
billion to $1.21 billion, largely below estimates of $1.21
billion - LSEG data
    ** Also reports Q4 net sales of $262.7 million, missing
estimates of $264.1 million
    ** Q4 EPS of 36 cents misses estimates of 39 cents
    ** Brokerage TD Cowen says investors were prepared, given
near-term softness in dog food category, but evaluating risk of
decelerating growth will be tricky
    ** However, FRPT's annual adjusted EBITDA forecast of above
$210 million was higher than estimates of $204.4 million
    ** FRPT rose 70.7% in 2024
    

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))