1031 ET - Freshpet's sales guidance cut raises concerns, Truist Securities says in a research note. The pet-food producer now expects sales for the year to come in between $1.12 billion and $1.15 billion, down from a prior in the range of $1.18 billion and $1.21 billion. The analysts say the cut represents guidance of below 20% growth for the first time in more than five years. "Today's guidance of 15-18% growth in 2025 was not on anyone's radar," say the analysts. Nevertheless, Freshpet is up 1.9% in early trading. Freshpet is off 47% year-to-date. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 05, 2025 10:31 ET (14:31 GMT)
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