NEW YORK (TheStreet) -- Shares of Freshpet (FRPT - Get Report) are down by 7.53% to $13.50 in after-hours trading on Tuesday, after the company reported earnings results for the second quarter of 2015.
Freshpet reported a loss of 7 cents per share on net sales of $28.4 million for the quarter, missing analysts' estimates for earnings per share but beating estimates for revenue.
Analysts surveyed by Thomson Reuters had forecast that Freshpet would report a loss of 5 cents per share on revenue of $27.2 million for the most recent quarter.
Last year, the company reported a loss of 77 cents per share on revenue of $20.4 million for the 2014 second quarter.
"In the second quarter, net sales increased approximately 39% reflecting improved sales velocity across each of our retail channels and enabled us to achieve increased adjusted EBITDA." Freshpet's CEO Richard Thompson said in a statement.
Freshpet, based in Secaucus, N.J., manufactures fresh, refrigerated pet food that is sold throughout North America.FRPT data by YCharts