Freshpet Stock Price, News & Analysis

Freshpet, Inc. (Nasdaq: FRPT) reported a 35.8% increase in second-quarter 2021 net sales to $108.6 million, while facing a net loss of $7.5 million. The company's gross profit was $43.1 million, down from the prior year due to inflation in beef costs and increased processing expenses. Freshpet raised its full-year net sales guidance to exceed $445 million, reflecting a projected growth rate of ~40% compared to 2020. Adjusted EBITDA for the quarter was $10.9 million, marking a decrease from the previous year.

Freshpet (NASDAQ: FRPT) announced the planned retirement of Stephen Weise, Executive VP of Manufacturing & Supply Chain, expected at the end of 2022. Weise will continue to manage production capacity planning through 2021 before focusing solely on capacity planning in 2022. Chris Taranto will take over logistics, and Ricardo Moreno will oversee manufacturing at Freshpet Kitchens. CEO Billy Cyr emphasized Weise's contributions, noting the company's net sales growth of almost 4x during his tenure and the installation of over $1 billion in sales capacity before his retirement.

Freshpet, Inc. (NASDAQ: FRPT) will announce its second-quarter financial results on August 2, 2021, after market close. A conference call with the executive management team is scheduled for 4:30 p.m. ET on the same day, where they will discuss these results and provide additional insights. North American participants can join by calling (877) 407-0792, while international listeners may call (201) 689-8263. The call will also be available via live streaming on the company’s website, and an archived playback will be offered from August 2 to August 16, 2021.

Freshpet, Inc. (NASDAQ:FRPT) announces participation in three upcoming investor conferences. The executive management team will present at:

• William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 2:20 p.m. ET.
• 2021 Stifel Cross Sector Insight Conference on June 10, 2021, at 9:20 a.m. ET.
• 21st Oppenheimer Annual Consumer Growth and E-Commerce Conference on June 16, 2021, at 9:55 a.m. ET.

All presentations will be virtual and available on Freshpet's website for live viewing and later access.

Freshpet Inc. (NASDAQ:FRPT) announced that its executive management will participate in a virtual fireside chat at the Goldman Sachs Global Staples Forum on May 18 at 9:40 a.m. ET. The presentation will be accessible live online and archived on the company's website.

Freshpet strives to enhance the lives of pets by providing fresh, real food made from locally sourced ingredients. Their products are available in various retail formats across the U.S., Canada, and Europe, emphasizing the company's commitment to quality and social responsibility.

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.