BUZZ-Freshpet slips after downbeat annual sales forecast, Q4 results

Shares of pet food maker Freshpet FRPT.O down 4.3% at $125 premarket

Company forecasts annual net sales in the range of $1.18 billion to $1.21 billion, largely below estimates of $1.21 billion- data compiled by LSEG

Also reports Q4 net sales of $262.7 million vs. estimates of $264.1 million and EPS of 36 cents below estimates of 39 cents

However, FRPT's annual adjusted EBITDA forecast of above $210 million was higher than estimates of $204.4 million

FRPT rose 70.7% in 2024