Freshpet, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 06:30 am EST
Share
Freshpet, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 200.62 million compared to USD 151.33 million a year ago. Net loss was USD 7.17 million compared to USD 18.45 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.39 a year ago.
For the nine months, sales was USD 551.47 million compared to USD 429.51 million a year ago. Net loss was USD 48.9 million compared to USD 56.58 million a year ago. Basic loss per share from continuing operations was USD 1.02 compared to USD 1.24 a year ago. Diluted loss per share from continuing operations was USD 1.02 compared to USD 1.24 a year ago.
Freshpet, Inc. is focused on the development, manufacturing, marketing, and distribution of pet food products. The Companyâs products consist of dog food, cat food and dog treats. The Companyâs products are made according to its nutritional philosophy of fresh, meat-based nutrition and minimal processing. Its proprietary recipes include real, fresh meat and varying combinations of vitamin-rich vegetables, leafy greens, and antioxidant-rich fruits, without the use of preservatives or additives. Its products are sold under the Freshpet brand name. The Company sells its products through a network of Company-owned branded refrigerators, Freshpet Fridges. The Company sells its products throughout the United States, Canada, and Europe. It sells its products through the classes of retail: grocery (including online), mass, club, pet specialty, natural, and digital. The Company also offer fresh treats across all classes of retail under the Dognation and Dog Joy labels.
FRESHPET, INC. 
