Welcome to our dedicated page for Freshpet news (Ticker: FRPT), a resource for investors and traders seeking the latest updates and insights on Freshpet stock.
Freshpet, Inc. (Nasdaq: FRPT) is a manufacturer of fresh, refrigerated foods and treats for dogs and cats, and its news flow reflects both its consumer focus and public company status. The company regularly issues press releases on quarterly financial results, providing details on net sales growth, gross margin, net income, Adjusted Gross Margin and Adjusted EBITDA, along with commentary from its leadership team. These updates often discuss volume gains, price and mix, input costs, plant expense leverage and trends in selling, general and administrative expenses.
Investors following Freshpet news will also see guidance updates and outlook statements, where the company revises expectations for net sales growth, Adjusted EBITDA and capital expenditures. Management has discussed topics such as achieving positive free cash flow, adjusting capital spending plans and expectations for growth relative to the dog food category. These communications include forward-looking statements and references to risk factors described in the company’s SEC filings.
Freshpet’s news includes executive and governance developments, such as the appointment of an interim Chief Financial Officer, CFO transitions and retention awards for key executives approved by the board’s compensation committee. The company also announces participation in investor conferences hosted by financial institutions, with details on fireside chats, webcasts and replay availability through its investors section.
For those interested in the pet food industry and in Freshpet’s role within it, this news page provides a centralized view of earnings releases, conference participation, leadership changes and strategic commentary. Readers can use it to monitor how the company describes its performance, operational priorities and long-term goals over time.
Freshpet reported a strong first quarter for 2021, with net sales rising by 33.3% to $93.4 million. However, the company incurred a net loss of $10.9 million, worse than last year's loss of $3.6 million. Adjusted EBITDA improved by 35.3% to $7.8 million, reflecting robust sales growth. Gross profit decreased to 38.9% of net sales due to inflation and production costs. Freshpet maintains its optimistic 2021 guidance, projecting net sales above $430 million and Adjusted EBITDA over $61 million.
Freshpet, Inc. (NASDAQ: FRPT) will report its first quarter results for the period ending March 31, 2021, on May 3, 2021, after market close. A conference call with the executive management team will take place at 4:30 p.m. ET on the same day to discuss the results. North American listeners can participate by dialing (877) 407-0792, and international listeners may call (201) 689-8263. The call will also be streamed live on the Company’s website and archived for later access. Freshpet remains committed to providing fresh, real food for pets, made with natural ingredients.
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.