Why Freshpet Stock Plummeted Today
Shares of "better for them" pet food maker Freshpet (NASDAQ: FRPT) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.While the company's fourth-quarter earnings report was generally impressive, the shares had previously been priced for near perfection, and the figures Freshpet delivered didn't quite meet analysts' optimistic estimates. The consensus expectations had been for earnings of $0.38 per share on revenue of $263.97 million, but Freshpet reported earnings of $0.36 per share on revenue of $262.71 million. Freshpet's premium fresh and refrigerated pet food options have quickly become a hit among pet owners looking to take better care of their furry friends.Continue reading
Shares of "better for them" pet food maker Freshpet (NASDAQ: FRPT) were down by 19% as of 1:50 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
While the company's fourth-quarter earnings report was generally impressive, the shares had previously been priced for near perfection, and the figures Freshpet delivered didn't quite meet analysts' optimistic estimates. The consensus expectations had been for earnings of $0.38 per share on revenue of $263.97 million, but Freshpet reported earnings of $0.36 per share on revenue of $262.71 million.
Freshpet's premium fresh and refrigerated pet food options have quickly become a hit among pet owners looking to take better care of their furry friends.
