Shares of Freshpet (NASDAQ: FRPT) have jumped today, up by 4% as of 12:15 p.m. EDT, after the company reported second-quarter earnings. The special pet food maker beat expectations and raised its guidance for full-year results. The consumer staples company, which makes various pet food and treats, said growth was driven in part by expanded distribution.
Investors appear to be purring over Freshpet's (NASDAQ: FRPT) Q2 2020 results, which were reported on Monday after market close. Earnings per share broke even for the quarter, also beating analysts, who anticipated a $0.05 loss per share, according to Zacks Equity Research. The break-even EPS number once again put the company ahead of last year's performance, when Q2 saw a $0.16 net loss per share.
If you're a smart investor, you'll want to follow the money. Shares of Freshpet (NASDAQ: FRPT) hit an all-time high on Monday. Freshpet offers refrigerated food for dogs and cats, and there are some interesting things about its business model that set it apart from the countless other companies wanting a starring role in your pet's food bowl.