Freshpet (NASDAQ: FRPT) has had a unique confluence of events to contend with during the COVID-19 crisis.
On one hand, pet adoption skyrocketed in the U.S. during the health crisis, sometimes emptying pet shelters, and demand increased for the company's fresh, refrigerated pet foods. On the other hand, the meat-packing industry was hit hard by the pandemic, threatening fresh protein supplies and creating shortages.
On June 23, the company presented at the Jefferies Consumer Conference, helping to provide investors with hints as to where the company is heading. Since then, the stock has continued its months-long rally, up 44% year to date.
Source Fool.com