2024-07-01 11:56:54 ET
Summary
- Freshpet, Inc.'s volume growth has accelerated and returned to levels exceeding +20% in recent times, which suggests that inflationary pressures have become less of a challenge for the company's customers.
- Freshpet is well-positioned to report positive GAAP earnings this year for the first time since its 2014 listing, as the company has managed its product costs well.
- I revise my rating for Freshpet, Inc. shares to a Buy, considering the company's favorable financial outlook that could drive further valuation re-rating.
Elevator Pitch
Freshpet, Inc. ( FRPT ) shares are rated as a Buy.
I previously performed a preview of FRPT's results for the second quarter of the prior year with my August 3, 2023 write-up . The current article touches on Freshpet's top line growth prospects and profitability improvement potential....
Read the full article on Seeking Alpha
For further details see:
Freshpet: Anticipating Strong Growth And Positive Earnings In 2024 (Upgrade)