2023-05-08 06:36:36 ET
- Freshpet press release ( NASDAQ: FRPT ): Q1 GAAP EPS of -$0.52 misses by $0.10 .
- Revenue of $167.5M (+26.7% Y/Y) beats by $0.53M .
- Net sales for the first quarter of 2023 were driven by both velocity gains, and pricing.
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For full year 2023, the Company reiterates its full year underlying guidance on Net Sales and Adjusted EBITDA. The Company expects the following results:
- Net sales of ~$750 million, an increase of ~26% from 2022 vs $752.36M consensus
- Adjusted EBITDA of at least $50 million.
- Capital expenditures for 2023 of ~$240 million.
For further details see:
Freshpet GAAP EPS of -$0.52 misses by $0.10, revenue of $167.5M beats by $0.53M