Freshpet (FRPT) Misses Q2 EPS by 7c

Freshpet (NASDAQ: FRPT) reported Q2 EPS of ($0.10), $0.07 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $33 million versus the consensus estimate of $32.92 million.

Outlook

The Company reiterated its guidance for 2016. For full year 2016, the Company expects the following results compared to the prior year:

• To exceed net sales of $137 million, an increase of approximately 18%
• To exceed Adjusted EBITDA of $18.5 million, an increase of approximately 67%
• To exceed Freshpet fridges of 16,600, an increase of approximately 10%

For earnings history and earnings-related data on Freshpet (FRPT) click here.

You May Also Be Interested In

• Westinghouse said to seek over $50 billion valuation in planned IPO
• Amneal gets FDA approval for lanreotide injection, launches immediately
• UBS Reiterates Neutral Rating on Intuit (INTU), Says Investor Day Not 'Sentiment-Changing'