not vested
THE 'SIMPLE' BUSINESS THAT'S SHAKING UP THE PET-FOOD INDUSTRY
Today's chart highlights a company that has found a niche within a saturated market...
As DailyWealth readers know, we like to invest in businesses that sell the staples of daily life – like pet food. These days, the majority of U.S. households own a dog or a cat. And with no shortage of food-brand selections, many pet owners are choosing health-focused options for their companions...
That's where Freshpet (FRPT) comes in. In 2007, when a massive pet-food recall hamstrung many companies in the industry, Freshpet made a name for itself as a safe, holistic brand of pet food.
It manufactures refrigerated food and treats for dogs and cats with natural, minimally processed ingredients – best served fresh. This niche strategy is still working today... In the second quarter, sales jumped to $47.6 million – that's 23% growth over the prior year.
As you can see, the stock has climbed more than 115% over the past year, recently hitting a new all-time high. As folks continue to seek out "natural" nutrition options for their pets, Freshpet should continue to profit...
Source: Daily Wealth