Why Is Pet Food Company Freshpet's Stock Sliding Today?

Freshpet Inc. (NASDAQ: FRPT) stock dipped in premarket trading after posting a Q1 FY25 earnings miss. Despite revenue growth of 17.6% to $263.25 million, the company reported an EPS loss of $(0.26), missing estimates. Higher operating costs led to an $11.5 million loss. Freshpet also cut its full-year sales forecast amid weaker-than-expected growth and ongoing economic pressures.