Freshpet Stock Price, News & Analysis

Freshpet, Inc. (NASDAQ: FRPT) announced a follow-on offering of 2,100,000 shares of common stock priced at $143.00 each. The offering will close on February 26, 2021, subject to customary conditions. Additionally, underwriters have a 30-day option to buy up to 315,000 more shares. The offering is linked to an effective shelf registration statement filed with the SEC on February 25, 2020. BofA Securities, Baird, and Truist Securities are the primary managers for this offering.

Freshpet, Inc. (NASDAQ: FRPT) has announced a proposed follow-on offering of $300 million of its common stock, with an additional 30-day option for underwriters to purchase $45 million more. The offering will be managed by BofA Securities, Baird, and Truist Securities. An effective shelf registration statement was filed with the SEC on February 25, 2020, and the offering will be conducted via a prospectus supplement. This announcement comes amid ongoing efforts to enhance growth through fresh pet food products distributed across various retail channels.

Freshpet (NASDAQ: FRPT) reported strong financial results for Q4 2020, with net sales of $84.5 million, a 28.5% increase year-over-year. However, the company faced a net loss of $3.3 million, compared to a profit of $4.6 million in Q4 2019. For the full year, net sales grew 29.7% to $318.8 million, but a net loss of $3.2 million was reported. The company is raising its 2025 targets for household penetration from 8 million to 11 million and net sales from $1 billion to $1.25 billion, citing accelerated growth plans.

Freshpet (NASDAQ:FRPT) has announced participation in upcoming investor conferences. On February 24, 2021, at 9:00 a.m. ET, the Company will join the Truist 2021 Consumer Symposium for a fireside chat. Additionally, on March 9, 2021, at 4:30 p.m. ET, Freshpet will present at the BofA Securities 2021 Consumer & Retail Technology Conference. Finally, on March 11, 2021, at 2:00 p.m. ET, another fireside chat is scheduled at the D.A. Davidson 4th Annual Consumer Growth Conference. All these events will be virtual and accessible via the Company's website.

Freshpet, Inc. (NASDAQ: FRPT) will report its fourth quarter and full year results for the period ending December 31, 2020, on February 22, 2021, after market close. A conference call with the executive management team will be held on the same date at 4:30 p.m. ET to discuss the results. Interested participants can join the call via North American or international dial-in numbers or listen live on the Investor section of Freshpet's website. Forward-looking statements are included, with company projections subject to risks and uncertainties.

Freshpet pre-announced preliminary fourth quarter net sales of $84.5 million, a 29% increase year-over-year. Adjusted EBITDA guidance is set at approximately $12 million for Q4 and $46 million for the full year 2020. Despite strong demand, Freshpet faced supply constraints due to COVID-related labor disruptions and severe weather, impacting sales. The company's household penetration has grown over 20% in the last two years, prompting considerations for capacity expansion to meet rising demand for fresh pet food.

Freshpet (NASDAQ:FRPT) announced its participation in the virtual 2021 ICR Conference, scheduled for January 13 at 10:30 a.m. ET. The event will be accessible online via the 'Investors' section of the Freshpet website, where an accompanying presentation will also be posted prior to market open. Freshpet focuses on enhancing the lives of pets by providing fresh, real food, made from locally sourced ingredients. Their products are available at various retailers across the U.S., Canada, and Europe, emphasizing integrity and social responsibility.

Freshpet announced the appointment of Ricardo Moreno as Vice President of Manufacturing, effective December 14, 2020. Mr. Moreno will lead all manufacturing operations at the company’s facilities in Bethlehem and Ennis, reporting to Steve Weise, EVP of Manufacturing and Supply Chain. He brings over 10 years of experience in manufacturing operations, previously serving as Regional Director at Bonduelle Fresh Americas. This addition aims to enhance leadership and focus on production amid the company’s growth and complexity.

Freshpet, Inc. (NASDAQ:FRPT) announced that its executive management will participate in a virtual fireside chat hosted by Baird on December 10, 2020, after market close. The webcast and presentation will be accessible on the company's website at 6:00 p.m. ET. Freshpet is dedicated to improving pets' lives through fresh, real food, using local ingredients and natural methods. Their products, kept refrigerated, are available across various retailers in the U.S., Canada, and Europe. For more information, visit www.freshpet.com.