Woof: US pet food firm Blue Buffalo shares up on tasty results

William Turvill
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Stewart As Launce
Blue Buffalo specialises in natural foods and treats for dogs and cats (Source: Getty)

Pet food company Blue Buffalo’s shares were up in after-hours trading after it reported a sales and earnings growth in the second quarter.

Earnings before interest, taxation, depreciation and amortisation (Ebitda) came in at $68m, up 40.7 per cent.

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Earnings per share (EPS), meanwhile, were up 61.2 per cent to $0.18.

Net sales for the three months totalled $287m, an increase of 12.9 per cent.

Blue Buffalo’s share price was up more than two per cent in after-hours trading to $26.84 on Wednesday.

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The company said it was raising its sales and EPS guidance for the full year off the back of the results.

Chief executive Kurt Schmidt said:

Our strong Q2 results reflected the high-quality execution of our strategy and advantaged business model. Given our performance through the first half of the year and our confidence for the second half, we are raising both our sales and EPS guidance for the year.