Freshpet, Inc. (FRPT) reported strong top-line growth in Q3 2025, though net income was significantly distorted by a massive, one-time tax benefit.
Financial Performance Highlights (9 Months Ended Sept 30, 2025)
Net Sales increased 14.6% year-over-year to \(816.8 million, driven by volume gains across all retail channels. Operating Income improved to \)31.2 million (up from $18.6 million in 2024), with Gross Margin stable at 39.9%.
Net Income soared to \(105.3 million (vs. \)28.8 million in 2024). This surge was entirely attributable to a $77.9 million non-cash tax benefit from releasing th
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