FRPT · PEAD ↓ 30

Freshpet reported Q3 2026 EPS of $0.58 on 2026-11-04 (after market close), beating the $0.35 consensus by $0.23 (+65.7%).

Print-day reaction was +2.4%, a modest lift that left the stock only incrementally above its prior close despite the sizable EPS beat. The overnight gap into T+1 erased a slice of that gain, with the stock opening down 0.6% — an early signal the market was skeptical of the move. The subsequent two-day drift was a sharper reversal: price fell 3.9% from the T+1 close through the T+3 close, unwinding the initial reaction entirely and then some. Cumulative abnormal return of -3.0% versus SPY.US puts this in PEAD short territory — drift reversed the initial reaction; the read holds through 2027-02-01.