Freshpet, Inc. (FRPT) on Thursday said its board has authorized a share repurchase program of up to $150 million, effective immediately.
The pet food company said the buybacks may be funded through existing cash, future cash flow from operations, borrowings or other cash sources.
"With proceeds from the sale of our equity investment in Ollie, efficiencies from our operations, and positive free cash flow, we have the financial flexibility to invest in new technologies, capabilities, and innovation to extend our leadership position and fuel our growth, while simultaneously returning capital to shareholders when we believe our stock trades below intrinsic value," commented John OConnor, Chief Financial Officer.
Freshpet shares were up nearly 2% in pre-market trading after closing at $48.35 on Wednesday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.