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Freshpet: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Monday reported a loss of $3.5 million in its first quarter.

On a per-share basis, the Secaucus, New Jersey-based company said it had a loss of 10 cents.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The seller of refrigerated fresh pet food posted revenue of $70.1 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $71.3 million.

Freshpet shares have increased 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $71.73, an increase of 62% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRPT at https://www.zacks.com/ap/FRPT