Why Freshpet Stock Dropped Today
Shares of Freshpet (NASDAQ: FRPT) fell on Tuesday, following the release of the premium pet food leader's first-quarter financial results.
As of 1:55 p.m. ET today, Freshpet's stock was down more than 10%.
Net sales jumped 41.5% year over year to $132.2 million. The gains were driven by new products and price hikes, as well as the company's newly improved production and distribution capabilities.
Source Fool.com
