Freshpet Reports Q3 Earnings Beat on Revenue and EPS
Freshpet (FRPT) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of $0.58, surpassing estimates by $0.19, while total revenue reached $317.8 million, representing a 10% increase year-over-year and beating projections by $5.88 million. Despite the top-line beat, net income for the quarter was $29.7 million. This is a significant decrease from the $101.7 million reported in the prior year's period, which had been bolstered by a one-time discrete tax benefit of $77.9 million.
Tickers: $FRPT
Topics: earnings beat net income revenue growth