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Freshpet Q2 loss widens 45.8% YOY

Freshpet Inc. said its normalized net income for the second quarter amounted to a loss of 6 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss grew 45.5% year over year from 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.0 million, compared with a loss of $1.4 million in the prior-year period.

The normalized profit margin climbed to negative 3.1% from negative 4.9% in the year-earlier period.

Total revenue climbed 16.4% year over year to $33.0 million from $28.4 million, and total operating expenses grew 18.2% year over year to $36.0 million from $30.4 million.

Reported net income totaled a loss of $3.4 million, or a loss of 10 cents per share, compared to a loss of $2.3 million, or a loss of 7 cents per share, in the prior-year period.