Here's Why Freshpet Stock Soared to a 52-Week High Today
FRPTFreshpet(FRPT) The Motley Fool·2024-11-05 07:22

This long-term compounder just keeps rolling.Shares of pet food company Freshpet (FRPT 12.63%) soared on Monday after the company reported financial results for the third quarter of 2024. The report was strong, and management raised guidance. This sent Freshpet stock up 15% as of 2:50 p.m. ET, allowing it to reach 52-week highs.Freshpet is growing and profitableIn Q3, Freshpet grew net sales by 26% year over year to $253 million. And management shared an extraordinary statistic: Q3 marked the 25th consecuti ...