Freshpet

Freshpet, Inc. is engaged in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. The firm foods are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature's Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Secaucus, NJ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Freshpet exceeds expectations with strong Q4 performance and growth outlook

Freshpet's strong performance in Q4 2022 and strategic initiatives position the company for continued growth.
Challenges like potential headwinds and advertising productivity are being addressed with innovative solutions.
Opportunities in working capital improvement, technological enhancements, and market expansion offer promising prospects.
Overall, Freshpet's focus on quality, innovation, and growth strategies bode well for its future success.

Freshpet reports robust Q1 performance, faces challenges in user acquisition

Freshpet's Q1 2023 performance showcased strong net sales growth and improved customer support, with robust cash reserves and positive guidance for the year.
Challenges include the need to accelerate new user acquisition and address pricing dynamics impacting growth rates.
Opportunities lie in logistics savings, targeting HIPPOs for growth, and expanding fridge placements for increased market penetration.

Freshpet reports robust Q2 growth, eyes 25% volume increase in 2024

Freshpet's Q2 2023 Earnings Call highlighted strong financial performance, strategic achievements, and growth prospects. The company remains optimistic about future revenue growth, despite facing some challenges in production ramp-up and timing of volume acceleration.

Freshpet excels in Q3, eyes growth through innovation and expansion

Freshpet delivered a strong performance in Q3 2023, exceeding expectations with robust net sales growth and adjusted gross margin.
While facing challenges such as pricing strategies and demand-supply balance, the company is strategically positioned for continued growth and market expansion.
With a focus on innovation, capacity expansion, and leveraging media spend, Freshpet aims to drive sustained growth and enhance its competitive position in the market.

Freshpet exceeds Q4 expectations, eyes retail expansion and margin growth

Freshpet's Q4 performance reflects strong growth, improved margins, and strategic retail expansion plans.
The company's strengths lie in its market dominance, diverse product performance, and focus on profitability.
Challenges include managing growth effectively, addressing out-of-stock issues, and ensuring sustained efficiency benefits.
Opportunities exist in expanding fridge placements, enhancing customer education, and driving long-term growth through increased penetration.

Freshpet excels in Q1 2024, eyes e-commerce growth opportunities

Freshpet's Q1 2024 performance reflects strong growth and operational success, with a focus on achieving financial goals, improving efficiency, and driving profitability.
The company's strengths in margin expansion, e-commerce growth, and advertising efficiency present opportunities for future expansion and market penetration.
Challenges in capacity management, balancing growth with profitability, and addressing operational concerns require strategic focus to sustain Freshpet's growth trajectory.

Freshpet reports robust Q2 results, eyes growth in e-commerce

Freshpet's Q2 performance reflects strong sales growth, improved margins, and strategic initiatives to support future expansion.
The company's strengths lie in its commitment to financial discipline, successful marketing, and operational efficiency enhancements.
While facing challenges in channel growth and marketing optimization, Freshpet has opportunities in expanding sales channels and enhancing customer satisfaction.

Freshpet excels in Q3, raises guidance amid growth strategies

Freshpet's Q3 2024 performance reflects robust growth, operational excellence, and strategic foresight under a disciplined growth strategy.
The company's financial results exceeded expectations, with strong net sales growth, improved margins, and increased operating cash flow.
While facing challenges in margin sustainability and expansion, Freshpet remains well-positioned to capitalize on opportunities in market expansion, direct-to-consumer trends, and strategic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Freshpet, Inc. engages in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature's Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Bedminster, NJ.

Petco Health and Wellness

Petco announced upbeat fourth-quarter 2022 results on an earnings call Wednesday (March 22), led by its deep investments in pet healthcare and continuing strength in consumables.

Petco Sees Strength in Veterinary and New Customizable Subscription With Freshpet

This partnership makes Petco the first national brick- and-mortar pet retailer to offer a fresh pet food subscription of this kind through a new e-commerce brand: Freshpet® Custom Meals™ SECAUCUS, N.J. , March 22, 2023 /PRNewswire/ -- Today, Freshpet (Nasdaq: FRPT) and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) announced an innovative partnership to produce and deliver fresh, customized subscription meal plans directly to pet parents' doors.

Freshpet and Petco Launch Exclusive Industry-First Partnership Offering Customized Fresh Pet Food Subscription Delivered Directly to Pet Parents' Doors

The pet retailer is offering a subscription plan for home delivery of fresh dog food by Freshpet.

Petco Leans Into Fresh Food Trend With Freshpet Partnership

Proceeds from the offering strengthen balance sheet to support the Company's Fresh Future growth plan

Freshpet, Inc. Closes $402.5 Million Convertible Senior Notes Offering

Freshpet (FRPT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Freshpet (FRPT) Soars 6.6%: Is Further Upside Left in the Stock?

SECAUCUS, N.J., March 15, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (Nasdaq: FRPT) (“Freshpet” or the “Company”) today announced the pricing of its offering of $350,000,000 aggregate principal amount of 3.00% convertible senior notes due 2028 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on March 20, 2023, subject to customary closing conditions. Freshpet also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $52,500,000 principal amount of notes.

Freshpet, Inc. Prices $350 Million Convertible Senior Notes Offering

NEW YORK--(BUSINESS WIRE)--JANA Partners LLC (“JANA”) today issued the following statement in response to Freshpet, Inc.'s (“Freshpet” or the “Company”) (NASDAQ:FRPT) equity-linked capital raise announced on March 14, 2023. “We are astonished that Freshpet's board has elected to initiate a large equity-linked capital raise in a fragile market reeling from a systemic crisis in the banking system, and with the Company's shares trading at less than 50% of their 52-week high.

JANA Partners Statement on Freshpet's Ill-Conceived Capital Raise

SECAUCUS, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (Nasdaq: FRPT) (“Freshpet” or the “Company”) today announced its intention to offer, subject to market and other conditions, $350,000,000 aggregate principal amount of convertible senior notes due 2028 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Freshpet also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $52,500,000 principal amount of notes.

Freshpet, Inc. Announces Proposed Convertible Senior Notes Offering

Kraft Heinz

Coca-Cola

With the broad market heading lower and the outlook for earnings declining, consumer staples stocks are starting to look attractive again. These companies are primarily blue-chip quality companies with a degree of immunity from economic downturns and often pay market-beating dividends.

Three Staples Stocks With Double-Digit Upside Ahead

Freshpet, Inc. (NASDAQ:FRPT ) Q4 2022 Earnings Conference Call February 27, 2023 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Billy Cyr - Chief Executive Officer Todd Cunfer - Chief Financial Officer Scott Morris - Chief Operating Officer Conference Call Participants Peter Benedict - Baird Anoori Naughton - JPMorgan Brian Holland - Cowen & Company Rupesh Parikh - Oppenheimer Corey Grady - Jefferies Michael Lavery - Piper Sandler Jason English - Goldman Sachs Jim Salera - Stephens Inc. Bill Chappell - Truist Securities Mark Astrachan - Stifel Cody Ross - UBS Robert Moskow - Credit Suisse Jon Andersen - William Blair Operator Greetings, and welcome to the Freshpet Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Freshpet, Inc. (FRPT) Q4 2022 Earnings Call Transcript

After years of suffering through the pandemic bubble and its bursting, the supply chain, and the demand issues it caused, Freshpet (NASDAQ: FRPT) looks ready to start a fresh rally. The company has been working hard to expand its operational capabilities over the last year, and those efforts are now paying off.

Is Freshpet Ready For A Fresh Rally?

Pet food maker Freshpet recorded its best growth in eight years during the close of 2022. The New Jersey-based company, which makes refrigerated dog and cat food, announced Monday (Feb. 27) that its sales had jumped 43% in the last quarter of the year thanks in part to improved distribution capabilities.

Freshpet Posts Best Topline Growth Since 2014 IPO

Freshpet (FRPT) delivered earnings and revenue surprises of 25% and 9.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Freshpet (FRPT) Reports Q4 Loss, Tops Revenue Estimates

FY 2022: Strongest topline growth since the Company went public  Q4 shows significant improvement in operations  Ennis start-up is on-track

Freshpet, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Freshpet's (FRPT) fourth-quarter 2022 results are likely to reflect gains from the sturdy product offerings, innovation, pricing and distribution initiatives.

Here's How Freshpet (FRPT) Looks Just Ahead of Q4 Earnings

SECAUCUS, N.J., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced it will report results for the fourth quarter and fiscal year ended December 31, 2022 on Monday, February 27, 2023 before market open.

Freshpet, Inc. to Report Fourth Quarter and Fiscal 2022 Results on Monday, February 27, 2023

SECAUCUS, N.J., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) today announced that members of the executive management team will participate in the 2023 Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, FL.

Freshpet, Inc. to Participate in the 2023 CAGNY Conference

Benson Hill

Corteva Inc

Food companies are gaining on favorable demand as well as pricing amid cost inflation. Benson Hill (BHIL), Corteva (CTVA) and Freshpet (FRPT) are likely to top earnings estimates this season.

3 Food Stocks Ready to Dish Out an Earnings Beat This Season

Ennis Kitchen On-track and Shipping a Wide Range of SKU's Reiterates Full Year 2022 Guidance for Net Sales and Adjusted EBITDA

Freshpet Advances Operational Improvement Plan with New Talent Addition

SECAUCUS, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in the 25th Annual ICR Conference in Orlando, FL.

Freshpet, Inc. to Participate in the 25th Annual ICR Conference

A potentially interesting setup might be brewing at pet food producer Freshpet. Activist Jana Partners has built up a sizable stake and is pushing for a company sale.

Freshpet: Activist Pressure Might Lead To Company Sale

Fintel reports that activist Jana Partners Llc has filed a 13D/A form with the SEC disclosing ownership of 4,.1 million Freshpet Inc (FRPT) shares and said it would solicit proxies at the company's 2023 annual meeting.

Activist Fund Jana Partners Launches Proxy Fight at Freshpet

After entering a 4.26 million-share investment in Freshpet Inc. ( FRPT , Financial) during the third quarter, Jana Partners (Trades, Portfolio) revealed last week it curbed its investment by 2.83%.

Jana Partners Trims Top Holding Freshpet

Freshpet is pulling back after a weaker-than-expected report but there are signs the stock is bottoming and expected improvements in the margin is coming.

Freshpet: A Fresh Time To Buy Into This Growth Story?

SECAUCUS, N.J., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in the Stephens Investment Conference in Nashville, TN.

News for Freshpet Stock (FRPT)