(Adds Outlook, stock movement)
Following better-than-expected second-quarter results, Freshpet, Inc. (FRPT) raised its full-year sales outlook, above analysts' forecast.
For the year, the company now projects sales of at least $965 million, higher than the earlier guidance of at least $950 million.
Analysts, on average, expect the firm to report revenue of $960.58 million.
Excluding items, EBITDA is now expected to be at least $140 million, compared with at least $120 million guided previously.
Freshpet, meanwhile, sees capital expenditures of around $200 million, lesser than around $210 million expected earlier.
FRPT was trading up by 3.17 percent at $125.97 in the pre-market trade on the Nasdaq.
Q2 Results:
Freshpet reported Loss for second quarter that decreased from the same period last year and beat the Street estimates.
The company's earnings totaled -$1.694 million, or -$0.03 per share. This compares with -$16.952 million, or -$0.35 per share, in last year's second quarter.
Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.3% to $235.253 million from $183.331 million last year.
Freshpet Inc earnings at a glance (GAAP) :
-Earnings (Q2): -$1.694 Mln. vs. -$16.952 Mln. last year.-EPS (Q2): -$0.03 vs. -$0.35 last year.-Revenue (Q2): $235.253 Mln vs. $183.331 Mln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.