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, 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.
Freshpet, Inc. (NASDAQ: FRPT) reported strong financial results for Q3 2020, with net sales of $84.2 million, a 29% increase year-over-year. Net income rose to $3.5 million compared to $3.1 million in the prior year. Adjusted EBITDA expanded by 42.2% to $17.0 million. The company completed its Freshpet Kitchens 2.0 expansion, enhancing production capacity to meet rising demand. For the first nine months, net sales climbed 30.1% to $234.3 million. Freshpet reiterated its full-year guidance, expecting net sales to exceed $320 million, a growth of over 30% from 2019.
Freshpet (NASDAQ: FRPT) has announced its third-quarter results reporting date for the period ending September 30, 2020, set for November 2, 2020, after market close. A conference call will follow at 4:30 p.m. ET on the same day, accessible by North American listeners at (877) 407-0792 and international listeners at (201) 689-8263. The call will be streamed live on Freshpet's website, with a replay available from 7:30 p.m. ET through November 16, 2020. Freshpet focuses on providing fresh, real food for pets, emphasizing quality and social responsibility.
Freshpet, Inc. (NASDAQ: FRPT) has appointed Heather Pomerantz as CFO effective October 1, 2020, following Dick Kassar's transition to Vice Chairman. Freshpet's finance leadership team also sees new appointments, including Steve Macchiaverna as Executive VP and Ivan Garcia as VP of Finance. Additionally, the company received over 84% shareholder support for eliminating supermajority voting provisions during the 2020 Annual Meeting of Stockholders, a key step in its governance improvement initiative.
Freshpet announced its participation in the virtual Barclays Global Consumer Staples Conference on September 8, 2020, at 4:40 p.m. ET. The event can be accessed via the Company’s website. Freshpet is committed to providing fresh, real food for pets, using local ingredients and small-batch cooking to ensure quality. Their products are available in various retailers across the U.S., Canada, and Europe, highlighting their dedication to transparency and social responsibility.
Freshpet (NASDAQ: FRPT) has initiated a multi-year plan to improve its corporate governance practices, as outlined in its definitive proxy statement for the 2020 Annual Meeting of Shareholders. The company's CEO emphasized that this evolution is in line with Freshpet's commitment to environmental, social, and governance (ESG) practices. Shareholder feedback will guide governance enhancements, including the removal of supermajority voting provisions and the introduction of policies for majority voting in director elections, a director resignation policy, and further transparency in corporate governance.
Freshpet, Inc. (NASDAQ: FRPT) has appointed Thembi Machaba as Senior Vice President of Human Resources, effective August 1, 2020. CEO Billy Cyr expressed enthusiasm about her joining the team, highlighting her extensive experience in leading diverse teams across competitive industries. Machaba has over 18 years of experience in human resources, previously serving as Vice President Global Human Resources at Molson Coors Beverage Company. Freshpet aims to improve pet nutrition through fresh, natural foods produced sustainably.
Freshpet announced it will release its second quarter results for 2020 on August 3, 2020, after market close. A conference call to discuss these results will begin at 4:30 p.m. ET the same day, with participation available via North American and international phone lines. The call will also be streamed live on Freshpet's website, where it will be archived for future access. The company is committed to enhancing pet well-being through fresh, natural food sourced from local farms.
Freshpet announced participation in the virtual Jefferies Consumer Conference on June 23 at 9:30 a.m. ET. The presentation will be accessible live from the Investors section of their website and archived online for later viewing. Freshpet focuses on enhancing the lives of pets through fresh, real food sourced locally, made in small batches, and kept refrigerated until delivery. Available in various retail formats across the U.S., Canada, and Europe, the company emphasizes integrity and social responsibility.
Freshpet announced that Robert C. King will step down from the Board of Directors at the Annual Stockholders Meeting in September, taking on the role of Chairman at WernerCo. King, who has been part of Freshpet's board since November 2014, will leave with one year remaining in his three-year term. CEO Billy Cyr expressed gratitude for King's contributions, highlighting his role in Freshpet’s IPO and CEO search committee.
Freshpet focuses on providing fresh, real food for pets, sourcing ingredients locally and prioritizing transparency in their manufacturing processes.