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. reports developments tied to its fresh refrigerated pet food business, including financial results, sales outlook updates, brand marketing, product-quality certifications, and leadership changes. The company makes recipes for dogs and cats from fresh meats, vegetables, and fruits at Freshpet Kitchens and keeps foods and treats refrigerated through delivery to retail Freshpet Fridges or direct-to-consumer channels.
Recurring updates focus on net sales growth, gross margin, non-GAAP measures, manufacturing scale, omnichannel distribution, and availability through grocery, mass, digital, pet specialty, and club retailers in the United States, Canada, and Europe.
Freshpet (NASDAQ: FRPT) reported Q1 2025 financial results with net sales of $263.2 million, up 17.6% year-over-year, driven by volume gains of 14.9% and favorable price/mix of 2.7%. The company posted a net loss of $12.7 million, compared to net income of $18.6 million in the prior year period.
Gross margin remained stable at 39.4%, while Adjusted EBITDA increased to $35.5 million from $30.6 million. Due to macroeconomic headwinds affecting consumer spending, Freshpet updated its 2025 guidance, now expecting net sales between $1.12-1.15 billion (15-18% growth) and Adjusted EBITDA of $190-210 million, down from previous guidance of $1.18-1.21 billion in sales and minimum $210 million EBITDA.
The company maintains a strong balance sheet with $243.7 million in cash and $395.7 million in debt outstanding.Freshpet (FRPT) has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, before the market opens. The company will host a conference call with executive management at 8:00 a.m. ET the same day to discuss the results for the quarter ended March 31, 2025.
North American participants can join the call at (877) 407-0792, while international listeners can dial (201) 689-8263. The call will be broadcast live on the 'Investors' section of Freshpet's website and archived for later viewing. A replay will be available from 12 p.m. ET on May 5 through May 19, 2025, accessible at (844) 512-2921 for North America and (412) 317-6671 for international callers, using passcode 13753287.
Freshpet (NASDAQ: FRPT) reported strong financial results for Q4 and full year 2024. Fourth quarter net sales increased 22.0% to $262.7 million, with net income of $18.1 million. Full year 2024 saw net sales rise 27.2% to $975.2 million, with net income of $46.9 million compared to a prior year loss of $33.6 million.
The company demonstrated significant margin improvements, with Q4 gross margin reaching 42.5% (up from 34.6%) and adjusted EBITDA of $52.6 million (up from $31.3 million). Operating cash flow for 2024 was $154.3 million, nearly double the previous year.
Looking ahead, Freshpet provided 2025 guidance projecting net sales between $1.18-1.21 billion and adjusted EBITDA of at least $210 million. The company also updated its 2027 targets, maintaining $1.8 billion in net sales while raising adjusted gross margin to 48% and adjusted EBITDA margin to 22%.
Freshpet (Nasdaq: FRPT) has announced its schedule for reporting fourth quarter and full year 2024 financial results on February 20, 2025. The company will host an earnings conference call starting at 6:30 a.m. ET, followed by their participation in the 2025 Consumer Analyst Group of New York (CAGNY) Conference at 8:00 a.m. ET on the same day. Due to the CAGNY Conference participation, there will not be a question and answer session during the earnings call. Both events will be webcast and archived on the company's investor relations website.
Freshpet (Nasdaq: FRPT) has announced its participation in the upcoming 2025 ICR Conference in Orlando, FL. The company's executive management team will deliver a presentation on Tuesday, January 14, 2025 at 10:00 a.m. ET. Investors and interested parties can access both the live webcast and replay of the presentation through the 'Investors' section of Freshpet's website at www.freshpet.com.
Freshpet (Nasdaq: FRPT) has announced its executive management team's upcoming participation in the Morgan Stanley Global Consumer & Retail Conference in New York. The presentation is scheduled for Wednesday, December 4, 2024, at 2:15 p.m. EST. Interested parties can access both the live webcast and replay of the presentation through the 'Investors' section on Freshpet's official website.
Freshpet reported strong Q3 2024 financial results with net sales increasing 26.3% to $253.4 million, marking the 25th consecutive quarter of >25% year-on-year growth. The company achieved net income of $11.9 million, compared to a $7.2 million loss in the prior year. Gross margin improved to 40.4% from 33.0%, while Adjusted EBITDA reached $43.5 million, up from $23.2 million. Based on strong performance, Freshpet raised its 2024 guidance, projecting net sales of ~$975 million and Adjusted EBITDA of at least $155 million.
Freshpet, Inc. (Nasdaq: FRPT) has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024, before the market opens. The company will host a conference call with executive management to discuss the results at 8:00 a.m. ET on the same day.
Investors can participate in the live call by dialing (877) 407-0792 in North America or (201) 689-8263 internationally. The call will also be broadcast live on the 'Investors' section of Freshpet's website at www.freshpet.com and archived for later access. A telephonic playback will be available from 12 p.m. ET, November 4, 2024, through November 18, 2024, with dial-in numbers provided for both North American and international listeners.
Freshpet (NYSE: FRPT) has launched its first-ever apparel collection in collaboration with global superstar Meghan Trainor for the holiday season. The collection includes 'Dog Mom' and 'Dog Dad' sweatshirts, along with other pet-related products, available exclusively on shop.freshpet.com. All proceeds from sales will be donated to Freshpet's partner animal rescues, including St. Hubert's Animal Welfare Center, Pennsylvania SPCA, Stray Dog Rescue, and Wags & Walks LA.
The collection features long-sleeved sweatshirts, a green bandana, and a green stainless-steel dog bowl, with prices ranging from $49.95 to $69.95. This initiative is part of Freshpet's ongoing partnership with Meghan Trainor, which began in April 2024 with the release of her song 'I'm a Dog Mom' and accompanying music video.
Freshpet Inc (Nasdaq: FRPT) has announced an inducement grant for its new Chief Operating Officer, Nicki Baty. The Compensation and Human Capital Management Committee approved an equity award of 17,150 restricted stock units effective September 1, 2024. This grant, made outside the company's 2014 Omnibus Incentive Plan, complies with NASDAQ Listing Rule 5635(c)(4).
The restricted stock units will vest over three years: 33.3% in the first year, 39.5% in the second year, and 27.2% in the third year, contingent on Ms. Baty's continued employment. This inducement grant is designed to align the new COO's interests with those of Freshpet's shareholders and incentivize long-term commitment to the company.