Why Freshpet Stock Jumped Today

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.

Revenue in the second quarter increased 33% to $80 million, which led to net income of $200,000, or breakeven per share. Consensus estimates called for $77.1 million in sales and a net loss of $0.06 per share. The consumer staples company, which makes various pet food and treats, said growth was driven in part by expanded distribution.

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Source Fool.com