Author: Adam Hejl

Freshpet (FRPT) Shares Skyrocket, What You Need to KnowWhat happened:Shares of pet food company Freshpet ( NASDAQ:FRPT ) jumped 18% in the morning session after the company reported fourth-quarter results that blew away analysts’ EPS expectations. Its earnings also beat Wall Street estimates as it saw momentum in the pet food sector. Notably, 2023 marks the sixth consecutive year of solid revenue growth, consistently exceeding 25%. Looking ahead, management’s EBITDA guidance of $105 million for the full year 2024 was ahead of expectations, and it noted that the company reached an inflection point this quarter in terms of profitability. Overall,…