Freshpet Inc. (FRPT) reported a reduced loss for the second quarter, surpassing Wall Street expectations.
The company posted earnings of -$1.694 million or -$0.03 per share, compared to a loss of -$16.952 million or -$0.35 per share in the same period last year.
On average, analysts had anticipated the company to report a loss of -$0.05 per share, based on data from Thomson Reuters. Typically, analysts' projections exclude special items.
Freshpet's quarterly revenue increased by 28.3%, climbing to $235.253 million from the previous year's $183.331 million.
A snapshot of Freshpet Inc.'s second-quarter earnings (GAAP):
- Earnings (Q2): -$1.694 million vs. -$16.952 million last year.
- EPS (Q2): -$0.03 vs. -$0.35 last year.
- Revenue (Q2): $235.253 million vs. $183.331 million last year.
