Wedbush Initiates Coverage On PepsiCo with Outperform Rating, Announces Price Target of $185

Freshpet Inc surges on solid Q1 FY24 earnings, beating sales estimates with a 33.6% YoY growth to $223.85 million. Gross profit skyrockets by 73.6%, reaching $88.2 million, as margins expand to 39.4%. Improved efficiency and lower input costs drive profitability, while adjusted EBITDA soars to $30.6 million.