Freshpet, Inc. ( NASDAQ:FRPT ) reported its Q1 2024 financial results, which were a significant increase from the prior year period. The company's net sales increased 33.6% to $223.8 million, a 33.6% increase from the previous year. Gross margin was 39.4%, compared to 30.3%, and adjusted gross margin was 45.3%. Net income was $18.6 million, compared to the prior...
Freshpet, Inc. (NASDAQ: NASDAQ:FRPT ) has emerged as a trailblazer in the pet food industry, showcasing remarkable growth and profitability in its fourth quarter and full-year 2023 financial results. Led by Chief Executive Officer Billy Cyr, Freshpet's strategic initiatives have not only bolstered its bottom line but also positioned the company for sustained...
Pets are the major solutions for the need of companionship nowadays. Both FRPT and TRUP had very nice rallies this year, and I'll keep on bullish on them. FRPT broke the all time high yesterday to form a daily demand zone I'll be looking for the pull back long at the 135 spot. Let's see how it goes yo!
It broke out 50day MA and downtrend, it is a nice set up to be long.