Freshpet Stock Price, News & Analysis

Freshpet (Nasdaq: FRPT) has appointed Nicki Baty as Chief Operating Officer, effective September 1, 2024. Baty, with nearly 20 years of experience at Colgate-Palmolive, most recently served as President and General Manager of Hill's Pet Nutrition U.S. She brings expertise in scaling businesses, driving transformative growth, and leading international operations.

Scott Morris, Freshpet's President and Co-Founder, will continue to focus on developing the company's future product portfolio and growth strategies. Baty's commercial responsibilities will initially be to Mass, Grocery, and Club channels until May 10, 2025. This strategic move aims to strengthen Freshpet's organizational capabilities as it pursues ambitious growth targets in the fresh pet food industry.

Freshpet Inc. (Nasdaq: FRPT) has announced its participation in two upcoming investor conferences in September 2024. The company's executive management team will engage in fireside chats at the following events:

1. Barclays 17th Annual Global Consumer Staples Conference on Thursday, September 5, 2024, at 2:15 p.m. EDT.

2. Piper Sandler Growth Frontiers Conference on Tuesday, September 10, 2024, at 1:00 p.m. CDT / 2:00 p.m. EDT.

Both events will feature live webcasts and replays, which will be accessible on the 'Investors' section of Freshpet's website at www.freshpet.com. This announcement highlights Freshpet's commitment to engaging with investors and sharing insights about the company's performance and strategies.

Freshpet, Inc. (Nasdaq: FRPT) reported strong financial results for Q2 2024, with net sales increasing 28.3% to $235.3 million, driven entirely by volume growth. The company saw significant improvements in profitability and operating cash flow. Gross margin rose to 39.9% from 32.3% in the prior year period, while Adjusted EBITDA increased to $35.1 million from $9.0 million. Freshpet raised its 2024 guidance, now expecting net sales of at least $965 million (up 26% from 2023) and Adjusted EBITDA of at least $140 million. The company's strong performance in the first half of 2024 has increased confidence in achieving its 2027 targets.

Freshpet, Inc. (Nasdaq: FRPT) has announced that it will release its second quarter 2024 financial results on Monday, August 5, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results with additional comments and details.

Investors and analysts can participate in the live call by dialing (877) 407-0792 for North America or (201) 689-8263 for international listeners. The call will also be broadcast live on the 'Investors' section of Freshpet's website and archived for later access. A telephonic playback will be available from 12 p.m. ET, August 5, 2024, through August 19, 2024, with separate dial-in numbers for North American and international listeners.

Freshpet announced its participation in the upcoming Deutsche Bank Global Consumer Conference in Paris, France. The event will take place on June 5, 2024, at 12:00 p.m. CEST / 6:00 a.m. EDT, featuring members of the company's executive management team. A live webcast and replay of the presentation will be accessible via Freshpet's website under the 'Investors' section. This participation highlights Freshpet's ongoing efforts to engage with global investors and showcase its market strategy.

Freshpet, Inc. (Nasdaq: FRPT) announced its executive team will attend the Deutsche Bank Global Consumer Conference in Paris, France. The presentation is scheduled for June 4, 2024, at 12:00 p.m. CEST / 6:00 a.m. EDT. A live webcast and replay will be accessible on the 'Investors' section of Freshpet's website. This participation highlights Freshpet's ongoing efforts to engage with investors and stakeholders globally.

Freshpet, Inc. reported strong first quarter 2024 financial results, showcasing a 33.6% increase in net sales, a 9.1% increase in gross margin, and a significant improvement in net income and adjusted EBITDA compared to the prior year. The company's focus on operational enhancements led to margin expansion and reduced SG&A expenses, resulting in increased profitability and shareholder value creation. Freshpet updated its 2024 outlook, with expected net sales of at least $950 million and adjusted EBITDA of at least $120 million, reflecting a positive growth trajectory.