The pandemic encouraged people to adopt and spend more time with our new/old furry side of the family. That became the catalyst of the booming business for Freshpet. The revenue growth accelerated every year and in 2020 (peak of the pandemic), it reached nearly 30%!
Here are my simple reasons why I am long in Freshpet:
The boom in pet adoptions
Great targets: $2 billion
Growing demands on online shopping
Capacity is still growing
I will continue to buy Freshpet every chance I get.
The theme is interesting, I will take part in discussion. Together we can come to a right answer. I am assured.