FreshPet (NASDAQ: FRPT) posted its first-quarter financial results on May 3, and the purveyor of fresh, healthy cat and dog food came up well short of analysts' expectations on at least one critical metric. While its revenue popped year over year, the company coughed up a hairball when it came to the bottom line.
In the immediate wake of its drastic earnings miss, FreshPet share prices plunged by almost 9% in after-hours trading, and two weeks later, the stock continues to trade below its late April peak -- a thumbs-down from investors that's hard to argue with, given the company's current situation.
Here are three key takeaways from the earnings report that suggest that FreshPet might not be the best consumer staples stock to add to your portfolio right now.
For further details see:
3 Reasons to Leash Your Enthusiasm After FreshPet's Q1 Earnings