2023-08-07 06:34:08 ET
- Freshpet press release ( NASDAQ: FRPT ): Q2 GAAP EPS of -$0.35 beats by $0.07 .
- Revenue of $183.3M (+25.5% Y/Y) misses by $1.43M .
- Net sales for the second quarter of 2023 were driven by both velocity gains, and higher pricing.
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For full year 2023, the Company updates its full year Adjusted EBITDA guidance and reiterates its Net Sales and capital expenditure guidance as follows:
- Net sales of ~$750 million, an increase of ~26% from 2022, unchanged from previous guidance.
- Adjusted EBITDA of at least $55 million, from previous guidance of at least $50 million.
- Capital expenditures for 2023 of ~$240 million, unchanged from previous guidance.
For further details see:
Freshpet GAAP EPS of -$0.35 beats by $0.07, revenue of $183.3M misses by $1.43M