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Wall Street expects a year-over-year decline in earnings on higher revenues when Freshpet (FRPT - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis seller of refrigerated fresh pet food is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -39.4%.
Revenues are expected to be $292.7 million, up 10.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Freshpet?For Freshpet, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Freshpet will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Freshpet would post earnings of $0.06 per share when it actually produced earnings of $0.04, delivering a surprise of -33.33%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Freshpet doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerBellRing Brands (BRBR - Free Report) , another stock in the Zacks Food - Miscellaneous industry, is expected to report earnings per share of $0.36 for the quarter ended June 2026. This estimate points to a year-over-year change of -34.6%. Revenues for the quarter are expected to be $556.04 million, up 1.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for BellRing Brands has been revised 2.3% down to the current level. Nevertheless, the company now has an Earnings ESP of +6.45%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that BellRing Brands will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Freshpet (FRPT - Free Report) closed the most recent trading day at $61.22, moving +2.89% from the previous trading session. This change outpaced the S&P 500's 0.21% gain on the day. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq decreased by 0.22%.
Shares of the seller of refrigerated fresh pet food have depreciated by 1.88% over the course of the past month, underperforming the Consumer Staples sector's gain of 0.53%, and the S&P 500's gain of 1.7%.
The upcoming earnings release of Freshpet will be of great interest to investors. The company's earnings report is expected on August 5, 2026. The company's upcoming EPS is projected at $0.21, signifying a 36.36% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $292.7 million, reflecting a 10.58% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $1.21 billion, indicating changes of -34.47% and +9.63%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.71% lower within the past month. Currently, Freshpet is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Freshpet is currently trading at a Forward P/E ratio of 34.49. This valuation marks a premium compared to its industry average Forward P/E of 13.58.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $74.25.
A number of research firms recently weighed in on FRPT. Piper Sandler reaffirmed an “overweight” rating on shares of Freshpet in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $63.00 price objective on shares of Freshpet in a report on Thursday, May 7th. DA Davidson raised Freshpet to a “strong-buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. upgraded Freshpet from a “neutral” rating to an “overweight” rating and increased their target price for the company from $66.00 to $68.00 in a research report on Thursday, May 7th. Finally, Bank of America decreased their target price on Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st.
View Our Latest Report on Freshpet
Insider Buying and Selling at Freshpet In related news, CEO William B. Cyr sold 42,907 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.92, for a total value of $2,056,103.44. Following the transaction, the chief executive officer directly owned 204,585 shares of the company’s stock, valued at approximately $9,803,713.20. This trade represents a 17.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have bought 4,211 shares of company stock worth $215,027 and have sold 235,262 shares worth $11,664,591. 4.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Freshpet Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Freshpet by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock valued at $321,822,000 after buying an additional 128,499 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Freshpet by 30.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock valued at $118,982,000 after purchasing an additional 461,444 shares during the period. Impax Asset Management Group plc increased its position in Freshpet by 100.0% during the fourth quarter. Impax Asset Management Group plc now owns 140,000 shares of the company’s stock worth $8,530,000 after purchasing an additional 70,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Freshpet by 107.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 193,584 shares of the company’s stock worth $11,795,000 after acquiring an additional 100,260 shares during the period. Finally, Fortis Group Advisors LLC acquired a new stake in Freshpet during the fourth quarter worth $1,722,000.
Freshpet Trading Down 1.6% Shares of Freshpet stock opened at $57.71 on Thursday. The firm has a 50-day simple moving average of $53.41 and a two-hundred day simple moving average of $62.66. The company has a market cap of $2.84 billion, a P/E ratio of 15.43 and a beta of 1.60. Freshpet has a fifty-two week low of $46.45 and a fifty-two week high of $86.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18.
About Freshpet (Get Free Report)
Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.
Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.
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Freshpet (FRPT - Free Report) closed at $58.62 in the latest trading session, marking a +2.93% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.89% for the day. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the seller of refrigerated fresh pet food had gained 11.84% over the past month, outpacing the Consumer Staples sector's gain of 2.44% and the S&P 500's loss of 0.63%.
The upcoming earnings release of Freshpet will be of great interest to investors. The company's earnings report is expected on August 5, 2026. The company is forecasted to report an EPS of $0.21, showcasing a 36.36% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $292.7 million, up 10.58% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.76 per share and a revenue of $1.21 billion, signifying shifts of -33.33% and +9.52%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Freshpet is currently a Zacks Rank #3 (Hold).
With respect to valuation, Freshpet is currently being traded at a Forward P/E ratio of 32.45. This expresses a premium compared to the average Forward P/E of 13.6 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 197, this industry ranks in the bottom 20% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FRPT in the coming trading sessions, be sure to utilize Zacks.com.
BEDMINSTER, N.J., July 15, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (Nasdaq: FRPT) (“Freshpet” or the “Company”) today announced it will report results for the second quarter ended June 30, 2026 on Wednesday, August 5, 2026 before market open.
The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, August 5, 2026. To participate on the live call, listeners in North America may dial (844) 825-9789 and international listeners may dial (412) 317-5180.
In addition, the call will be broadcast live over the Internet, hosted on the “Investors” section of the Company's website at www.freshpet.com and will be archived online. A telephonic playback will be available from 12 p.m. ET, August 5, 2026, through August 19, 2026. North American listeners may dial (844) 512-2921 and international listeners may dial (412) 317-6671; the passcode is 10210593.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
On July 10, 2026, Freshpet Inc (FRPT) shares experienced a decline of 3.3%, now trading at $53.62. This drop continues a trend, as the stock has fallen 12.0% ye
Freshpet (FRPT - Free Report) closed at $53.62 in the latest trading session, marking a -3.34% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.42% for the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.29%.
The seller of refrigerated fresh pet food's stock has climbed by 6.22% in the past month, exceeding the Consumer Staples sector's gain of 0.59% and the S&P 500's gain of 2.2%.
The investment community will be closely monitoring the performance of Freshpet in its forthcoming earnings report. The company is expected to report EPS of $0.21, down 36.36% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $292.7 million, indicating a 10.58% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.76 per share and a revenue of $1.21 billion, indicating changes of -33.33% and +9.52%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Freshpet. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Freshpet is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Freshpet is currently exchanging hands at a Forward P/E ratio of 31.61. Its industry sports an average Forward P/E of 13.02, so one might conclude that Freshpet is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 19% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest trading session, Freshpet (FRPT - Free Report) closed at $59.12, marking a -2.51% move from the previous day. This change lagged the S&P 500's 0.79% gain on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 1.52%.
The seller of refrigerated fresh pet food's shares have seen an increase of 22.7% over the last month, surpassing the Consumer Staples sector's gain of 3.46% and the S&P 500's loss of 1.82%.
Analysts and investors alike will be keeping a close eye on the performance of Freshpet in its upcoming earnings disclosure. On that day, Freshpet is projected to report earnings of $0.21 per share, which would represent a year-over-year decline of 36.36%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $292.7 million, up 10.58% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.76 per share and revenue of $1.21 billion, indicating changes of -33.33% and +9.52%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Freshpet. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Freshpet is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Freshpet is currently trading at a Forward P/E ratio of 34.55. Its industry sports an average Forward P/E of 14.28, so one might conclude that Freshpet is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
President & Co-Founder Scott Morris to Transition from Operating Responsibilities to an Advisory Role on Company’s 20th Anniversary
Nicki Baty Appointed President & Chief Operating Officer Effective October 2026
Thembi Machaba Promoted to Chief Human Resources Officer and Chief Administrative Officer
BEDMINSTER, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that President and Co-Founder Scott Morris will transition from his operating responsibilities at Freshpet to an advisory role on October 20, 2026, the Company's 20th anniversary. Mr. Morris will remain available to the Company as an advisor for 18 months following the transition.
Upon Mr. Morris’s transition, the title of President will be assumed by current Chief Operating Officer Nicki Baty, who joined the Company two years ago as part of a leadership succession plan. As President & COO, Ms. Baty will continue to report to Chief Executive Officer Billy Cyr and will oversee the Company’s commercial operations and supply chain. Mr. Morris’s innovation responsibilities will transition to a newly created Chief Innovation Officer role.
Additionally, Freshpet has announced the promotion of Thembi Machaba, current Chief Human Resources Officer, to take on the additional role of Chief Administrative Officer, effective immediately. In her expanded role, Ms. Machaba will assume added responsibility for the Company’s sustainability initiatives, community relations, property management, corporate security, and key management processes.
The transition reflects a succession plan that has been underway for several years and comes as Freshpet enters its third decade with a strong leadership team, scaled operations, and significant opportunities for future growth.
Twenty years ago, Scott Morris, Cathal Walsh and John Phelps set out to create a different kind of pet food company —one built on the belief that dogs and cats deserve fresh, real food made with the same care people apply to their own food. What began as an idea has grown into a company with more than one billion dollars in annual sales, one of the top five dog food brands in the United States, three manufacturing kitchens, and approximately 1,300 employees worldwide. Last year, the Company opened its new Commercial Center of Excellence in Bedminster, New Jersey. Designed primarily by Mr. Morris, the facility brings Freshpet's Pets, People, Planet philosophy to life through environmentally sustainable features, dog daycare, and employee-focused amenities that reflect the Company's belief that great workplaces help create great work.
“It is impossible to overstate the contributions and impact that Scott has had on the Freshpet business over the past 20 years. Our products, marketing and the passion for Pets, People and Planet all have Scott’s fingerprints all over them, and we are forever grateful,” commented Walter George, Chair of Freshpet’s Board of Directors. “While a founder always plays a special role for a company, we believe we have built a very strong team that is well positioned to continue driving significant growth and fulfilling Freshpet’s mission.”
Billy Cyr, Freshpet’s Chief Executive Officer, added, “Scott’s passion for the Freshpet business and his relentless drive to innovate have been instrumental in making Freshpet what it is today. We are deeply indebted to him for all he has done to inspire and create this Company and wish him well in his next adventures. He has helped grow and develop the team, who are experienced and highly capable of continuing to deliver growth and innovation. Scott will be leaving us in a very good position and will remain available to us as an advisor. I’d also like to congratulate Nicki and Thembi on their new roles. Both are well deserved and provide us the leadership strength that we will need to continue our mission.”
Scott Morris, President & Co-Founder, said, “When we started Freshpet nearly 20 years ago, we simply wanted to build the kind of pet food company we wished existed. We believed pets deserved fresh food, retailers deserved a better partner, and employees deserved a company with a real sense of purpose. What happened next exceeded what we originally imagined. I have had the privilege of working alongside extraordinary people to build something that matters — to pets, pet parents, employees, partners and communities. Looking around today, I could not be more confident in Freshpet's future. We have a talented team, a strong business, and tremendous opportunities ahead of us. Freshpet has been an amazing adventure. I am incredibly proud of what we have built together and proud to leave a great company and great business in the hands of an amazing group of people. The leadership team, employees and partners who will carry Freshpet forward are ready to write the next chapter. While I am transitioning away from my operating responsibilities at Freshpet, I plan to remain supportive however I can in the years ahead. I look forward to watching Freshpet continue to grow, innovate and make an even bigger impact on pets and the people who love them.”
Cathal Walsh, Co-Founder & Managing Director of Europe, said, “For nearly 20 years, Scott and I have shared the challenges, setbacks, risks and victories that come with building a company from scratch. Scott has always believed that if you take care of pets, people and partners, good things happen. That philosophy helped shape the culture and values that define Freshpet today. While I will miss working alongside him every day, I am grateful for his friendship and partnership and proud of everything we built together. The foundation is strong, and I am confident Freshpet’s best days are still ahead.”
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations and assumptions. These include statements regarding our confidence in Freshpet's ability to drive sustainable, profitable growth and long-term value, and the future work of members or our management team. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including, but not limited to, those identified in connection with such statements, the implementation of our new technologies in the time frame, at the rate, at the cost, or with anticipated efficiencies and impact on product quality we expect, economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, and most prominently, the risks discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K and in quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
Connect with Freshpet:
https://www.facebook.com/Freshpet
https://x.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://www.tiktok.com/@Freshpet
https://www.youtube.com/user/freshpet400
Freshpet (FRPT - Free Report) ended the recent trading session at $55.66, demonstrating a -2.5% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the seller of refrigerated fresh pet food had gained 20.47% over the past month, outpacing the Consumer Staples sector's gain of 1.54% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Freshpet in its upcoming release. The company is forecasted to report an EPS of $0.22, showcasing a 33.33% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $292.7 million, indicating a 10.58% growth compared to the corresponding quarter of the prior year.
FRPT's full-year Zacks Consensus Estimates are calling for earnings of $1.63 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -38.26% and +9.52%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Freshpet. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Freshpet presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Freshpet currently has a Forward P/E ratio of 35.07. Its industry sports an average Forward P/E of 14.37, so one might conclude that Freshpet is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 17% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Sysco (SYY - Free Report) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.77%. A quarter ago, it was expected that this food distributor would post earnings of $0.98 per share when it actually produced earnings of $0.99, delivering a surprise of +1.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Sysco, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $20.52 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.33%. This compares to year-ago revenues of $19.6 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Sysco shares have added about 2.3% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Sysco?While Sysco has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Sysco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.51 on $21.9 billion in revenues for the coming quarter and $4.59 on $84.41 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Freshpet (FRPT - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This seller of refrigerated fresh pet food is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Freshpet's revenues are expected to be $291.02 million, up 10.6% from the year-ago quarter.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Freshpet (FRPT - Free Report) , which belongs to the Zacks Food - Miscellaneous industry, could be a great candidate to consider.
This seller of refrigerated fresh pet food has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 27.91%.
For the most recent quarter, Freshpet was expected to post earnings of $0.43 per share, but it reported $0.64 per share instead, representing a surprise of 48.84%. For the previous quarter, the consensus estimate was $0.43 per share, while it actually produced $0.46 per share, a surprise of 6.98%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Freshpet lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Freshpet has an Earnings ESP of +25.37% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 6, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Vital Farms (VITL - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -64.9%.
Revenues are expected to be $184.16 million, up 13.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 28.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Vital Farms?For Vital Farms, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -48.72%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that Vital Farms will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Vital Farms would post earnings of $0.38 per share when it actually produced earnings of $0.35, delivering a surprise of -7.89%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Vital Farms doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerFreshpet (FRPT - Free Report) , another stock in the Zacks Food - Miscellaneous industry, is expected to report earnings per share of $0.06 for the quarter ended March 2026. This estimate points to a year-over-year change of -33.3%. Revenues for the quarter are expected to be $291.02 million, up 10.6% from the year-ago quarter.
The consensus EPS estimate for Freshpet has been revised 0.2% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +25.37%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Freshpet will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Freshpet (FRPT - Free Report) closed the most recent trading day at $67.38, moving +1.87% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.02% for the day. Elsewhere, the Dow gained 1.62%, while the tech-heavy Nasdaq added 0.89%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had gained 10.09% outpaced the Consumer Staples sector's gain of 1.45% and lagged the S&P 500's gain of 12.23%.
Market participants will be closely following the financial results of Freshpet in its upcoming release. The company plans to announce its earnings on May 6, 2026. On that day, Freshpet is projected to report earnings of $0.06 per share, which would represent a year-over-year decline of 33.33%. At the same time, our most recent consensus estimate is projecting a revenue of $291.02 million, reflecting a 10.55% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.25 per share and a revenue of $1.2 billion, representing changes of -52.65% and +9.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Freshpet. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.78% lower. Freshpet currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Freshpet is currently exchanging hands at a Forward P/E ratio of 52.96. This represents a premium compared to its industry average Forward P/E of 14.1.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 208, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
The platform is brought to life with Freshpet's new 'Kitchen Conversations' advertising campaign, which aims to capture the intimate, emotional bond between pets and their people
, /PRNewswire/ -- Freshpet, Inc (Nasdaq: FRPT), the first-to-market leader in fresh pet food, today announced "Better Food for Your Better Half," a long-term brand platform designed to reflect the evolving bond between pets and their people while reinforcing the importance of feeding them high-quality, fresh food. The platform debuts with an integrated campaign, Kitchen Conversations, with additional creative set to roll out over time.
At its core, "Better Food for Your Better Half" is rooted in the belief that the relationships people have with their pets are among the most meaningful in their lives, and that how they feed them should reflect that same level of care. The campaign was created in partnership with Freshpet's longtime advertising agency of record, Terri & Sandy.
Inspired by the everyday ritual of catching up while preparing meals, "Kitchen Conversations" captures the natural conversations that unfold in the kitchen between loved ones, linking both the emotional bond and Freshpet's differentiated approach to fresh, real food.
This launch features a series of creative, including three main ad spots.
Too Soon In "Too Soon," a man looks for reassurance on a post-date text, turning to his dog for advice as he prepares Freshpet in the kitchen. Zodiac In "Zodiac," a woman amusingly vents to her dog after being dumped over her zodiac sign while preparing Freshpet in the kitchen. Sleep In "Sleep," a man relatably teases his dog for a restless night while preparing Freshpet in the kitchen. The campaign underscores that what's being served matters just as much as the moment itself. By bringing fresh, real food made with thoughtfully sourced ingredients into these rituals, Freshpet makes mealtime feel as intentional for pets as it is for the rest of the family.
"For so many pet parents, the kitchen is where connection happens. It is where we talk through our day, share small moments, and naturally include our dog in the routine," said Nicki Baty, COO of Freshpet. "Kitchen Conversations reflects that reality, showing how deeply pets are woven into our everyday lives and how Freshpet can be part of those moments with fresh, healthy food."
Freshpet's recipes are made with simple, recognizable ingredients, including fresh chicken, beef, salmon, vegetables, fruits, and whole grains, and are steam-cooked at lower temperatures to offer a fresher alternative to traditional processed pet food. This differentiated approach to pet nutrition reflects the brand's ongoing commitment to raising expectations around nutrition, freshness, and care.
"'Better Food for Your Better Half' is a platform that works on two levels at once. 'Better food' speaks to Freshpet's uncompromising commitment to quality and fresh ingredients, while 'better half' honors the profound emotional bond between dogs and their people. It's a launch pad that gives us a sliding scale to tell stories that can live anywhere from product truth to pure emotion," said Amy Ferguson, Chief Creative Officer and Partner at Terri & Sandy.
Audiences will begin to see "Kitchen Conversations" across linear and streaming TV as well as social platforms starting today.
For more information about Freshpet, visit Freshpet.com, and connect with Freshpet on Facebook, X (Previously Twitter), Instagram and TikTok.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet fridges in local market or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride.
Delivers ~13% Net Sales Growth
Company Updates 2026 Outlook; Raises Net Sales Guidance
BEDMINSTER, N.J., May 06, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2026.
First Quarter 2026 Financial Highlights Compared to Prior Year Period
Net sales of $297.6 million, an increase of 13.1%.Gross margin of 40.5%, compared to the prior year period of 39.4%.Adjusted Gross Margin of 46.9%, compared to the prior year period of 45.7%.1Net income of $48.5 million, compared to the prior year period net loss of $12.7 million.Adjusted EBITDA of $37.9 million, compared to the prior year period of $35.5 million.1
"We are encouraged by our strong start to 2026, delivering first quarter sales growth in excess of our 2026 guidance and reinforcing our confidence in Freshpet's long-term growth opportunity. Our performance reflects the strength of our differentiated product offerings, our manufacturing scale and expertise, our extensive omnichannel marketing and distribution capabilities, and our ability to adapt in a dynamic environment to drive market share gains and lead the growing fresh pet food segment," commented Billy Cyr, Freshpet’s Chief Executive Officer. "As strong as our performance is, we remain mindful of ongoing macroeconomic volatility and inflation. We are modestly raising our net sales guidance to reflect our strong start to the year, while balancing broader economic risks. We have a large and expanding addressable market, continued momentum with customers and consumers, and early progress on our operational and technology initiatives. We believe we are well positioned to drive sustainable, profitable growth and long-term value creation while fulfilling our mission to help dogs and cats live longer, happier lives with the people who love them."
First Quarter 2026
Net sales increased 13.1% to $297.6 million for the first quarter of 2026, compared to $263.2 million in the prior year period. The increase in net sales was primarily driven by volume gains of 14.6%, partially offset by unfavorable price/mix of 1.5%.
Gross profit was $120.7 million, or 40.5% as a percentage of net sales, for the first quarter of 2026, compared to $103.8 million, or 39.4% as a percentage of net sales, in the prior year period. Gross profit as a percentage of net sales increased primarily due to lower input costs and improved leverage on plant expenses. For the first quarter of 2026, Adjusted Gross Profit was $139.6 million, or 46.9% as a percentage of net sales, compared to $120.2 million, or 45.7% as a percentage of net sales, in the prior year period.1
Selling, general and administrative expenses (“SG&A”) were $116.3 million, or 39.1% as a percentage of net sales, for the first quarter of 2026, compared to $115.3 million, or 43.8% as a percentage of net sales, in the prior year period. SG&A as a percentage of net sales decreased primarily due to a decrease in non-recurring charges that occurred in the first quarter of 2025, partially offset by increased media spend as a percentage of net sales. Adjusted SG&A for the first quarter of 2026 was $101.7 million, or 34.2% as a percentage of net sales, compared to $84.7 million, or 32.2% as a percentage of net sales, in the prior year period.1
Net income was $48.5 million for the first quarter of 2026 compared to a net loss of $12.7 million in the prior year period. The increase in net income was due to the gain on equity investment as a result of the sale of 100% of our non-controlling interest in a privately held company following its acquisition by a third party, contributions from higher sales, and decreased non-recurring SG&A charges, partially offset by the increase in income tax expense.
Adjusted EBITDA was $37.9 million for the first quarter of 2026 compared to $35.5 million in the prior year period.1 The increase in Adjusted EBITDA was a result of increased Adjusted Gross Profit, partially offset by higher Adjusted SG&A.
Balance Sheet
As of March 31, 2026, the Company had cash and cash equivalents of $381.4 million with $397.9 million of debt outstanding, net of $4.6 million of unamortized debt issuance costs. Cash and cash equivalents increased $103.4 million compared to $278.0 million as of December 31, 2025, primarily as a result of the $95.5 million of cash proceeds received from the sale of our equity investment. For the quarter ended March 31, 2026, cash from operations was $40.3 million, an increase of $35.5 million compared to the prior year period.
The Company will utilize its balance sheet to support its ongoing capital needs in connection with its long-term capacity plan.
Outlook
For full year 2026, the Company is updating its guidance and now expects the following:
Net sales growth in the range of 8% to 11%, compared to an increase of 7% to 10% in the previous guidance;Adjusted EBITDA in the range of $205 million to $215 million, unchanged from the previous guidance; andPositive free cash flow with capital expenditures of ~$150 million, unchanged from the previous guidance.
The Company does not provide guidance for net income, the U.S. GAAP measure most directly comparable to Adjusted EBITDA, and similarly cannot provide a reconciliation between its forecasted Adjusted EBITDA and net income metrics without unreasonable effort due to the unavailability of reliable estimates for certain components of net income and the respective reconciliations, including the timing of and amount of costs of goods sold and selling, general and administrative expenses. These items are not within the Company's control and may vary greatly between periods and could significantly impact future results.
Conference Call & Earnings Presentation Webcast Information
As previously announced, today, May 6, 2026, the Company will host a conference call beginning at 8:00 a.m. Eastern Time with members of its leadership team. The conference call webcast will be available live over the Internet through the "Investors" section of the Company's website at www.freshpet.com. To participate on the live call, listeners in North America may dial (877) 407-0792 and international listeners may dial (201) 689-8263; the passcode is 13760132.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations and assumptions. These include statements regarding our confidence in Freshpet's long-term growth opportunity, our net sales guidance, our position to drive sustainable, profitable growth and long-term value. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including, but not limited to, those identified in connection with such statements, the implementation of our new technologies in the time frame, at the rate, at the cost, or with anticipated efficiencies and impact on product quality we expect, economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, and most prominently, the risks discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K and in quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
Non-GAAP Financial Measures
Freshpet uses the following non-GAAP financial measures in its financial communications. These non-GAAP financial measures should be considered as supplements to the U.S. GAAP reported measures, should not be considered replacements for, or superior to, the U.S. GAAP measures and may not be comparable to similarly named measures used by other companies. Such financial measures are not financial measures prepared in accordance with U.S. GAAP.
Adjusted Gross ProfitAdjusted Gross Profit as a percentage of net sales (Adjusted Gross Margin)Adjusted SG&A ExpensesAdjusted SG&A Expenses as a percentage of net salesEBITDAAdjusted EBITDAAdjusted EBITDA as a percentage of net sales (Adjusted EBITDA Margin)Free Cash Flow Adjusted Gross Profit: Freshpet defines Adjusted Gross Profit as gross profit before depreciation expense, non-cash share-based compensation and loss on disposal of manufacturing equipment.
Adjusted SG&A Expenses: Freshpet defines Adjusted SG&A as SG&A expenses before depreciation and amortization expense, non-cash share-based compensation, loss on disposal of equipment, distributor transition costs, legal obligation and international business charges.
EBITDA and Adjusted EBITDA: EBITDA represents net income (loss) plus depreciation and amortization expense, interest expense net of interest income and income tax expense, and Adjusted EBITDA represents EBITDA less gain on equity investment, plus non-cash share-based compensation expense, loss on disposal of property, plant and equipment, distributor transition costs, legal obligation, and international business charges.
Free Cash Flow: Freshpet defines Free Cash Flow as net cash flows provided by operating activities less capital expenditures.
Management believes that the non-GAAP financial measures are meaningful to investors because they provide a view of the Company with respect to ongoing operating results. The non-GAAP financial measures are shown as supplemental disclosures in this release because they are widely used by the investment community for analysis and comparative evaluation. They also provide additional metrics to evaluate the Company’s operations and, when considered with both the Company’s GAAP results and the reconciliation to their most directly comparable U.S. GAAP measures, provide a more complete understanding of the Company’s business than could be obtained absent this disclosure. The non-GAAP measures are not and should not be considered an alternative to the most directly comparable U.S. GAAP measures or any other figure calculated in accordance with U.S. GAAP, or as an indicator of operating performance. The Company’s calculation of the non-GAAP financial measures may differ from methods used by other companies. Management believes that the non-GAAP measures are important to an understanding of the Company's overall operating results in the periods presented. The non-GAAP financial measures are not recognized in accordance with U.S. GAAP and should not be viewed as an alternative to U.S. GAAP measures of performance.
FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except per share data)
March 31,
2026 December 31,
2025ASSETS CURRENT ASSETS: Cash and cash equivalents$381,381 $277,975 Accounts receivable, net of allowance for doubtful accounts 65,370 63,762 Inventories, net 80,588 76,766 Prepaid expenses 7,338 9,807 Other current assets 7,115 7,404 Total Current Assets 541,792 435,714 Property, plant and equipment, net 1,143,589 1,138,671 Operating lease right of use assets 65,596 66,424 Long term investment in equity securities — 33,446 Deferred tax assets, net 52,824 68,893 Other assets 35,378 34,627 Total Assets$1,839,179 $1,777,775 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable$35,463 $42,429 Accrued expenses 47,504 31,610 Current operating lease liabilities 2,336 2,241 Current finance lease liabilities 2,346 2,315 Total Current Liabilities$87,649 $78,595 Convertible senior notes 397,884 397,330 Long term operating lease liabilities 64,412 65,023 Long term finance lease liabilities 27,060 28,075 Deferred tax liabilities, net 111 93 Total Liabilities$577,116 $569,116 Commitments and contingencies — — STOCKHOLDERS' EQUITY: Common stock — voting, $0.001 par value, 200,000 shares authorized, 49,155 issued and 49,141 outstanding on March 31, 2026, and 48,985 issued and 48,970 outstanding on December 31, 2025 49 49 Additional paid-in capital 1,356,890 1,351,201 Accumulated deficit (94,161) (142,669)Accumulated other comprehensive (loss) income (459) 334 Treasury stock, at cost — 14 shares on March 31, 2026, and on December 31, 2025 (256) (256)Total Stockholders' Equity 1,262,063 1,208,659 Total Liabilities and Stockholders' Equity$1,839,179 $1,777,775 FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
(Unaudited, in thousands, except per share data)
For the Three Months Ended
March 31, 2026 2025 NET SALES$297,644 $263,249 COST OF GOODS SOLD 176,970 159,461 GROSS PROFIT 120,674 103,788 SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES 116,343 115,285 INCOME (LOSS) FROM OPERATIONS 4,331 (11,497)OTHER INCOME (EXPENSES): Interest and Other Income, net 2,883 2,393 Interest Expense (3,586) (3,459)Gain on Equity Investment 62,013 — TOTAL OTHER INCOME (EXPENSES) 61,310 (1,066)INCOME (LOSS) BEFORE INCOME TAXES 65,641 (12,563)INCOME TAX EXPENSE 17,133 134 INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$48,508 $(12,697)OTHER COMPREHENSIVE (LOSS) INCOME: Change in foreign currency translation$(793) $211 TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (793) 211 TOTAL COMPREHENSIVE INCOME (LOSS)$47,715 $(12,486)NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS -BASIC$0.99 $(0.26)-DILUTED$0.91 $(0.26)WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING -BASIC 49,062 48,733 -DILUTED 56,060 48,733 FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
For the Three Months Ended
March 31, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss)$48,508 $(12,697)Adjustments to reconcile net income (loss) to net cash flows provided by operating activities: Provision for loss on accounts receivable — 11,452 Loss on disposal of property, plant and equipment 126 744 Share-based compensation 9,137 8,816 Depreciation and amortization 24,990 21,827 Amortization of deferred financing costs 554 535 Change in operating lease right of use asset 828 309 Deferred income taxes 16,089 — Gain on equity investment (62,013) — Changes in operating assets and liabilities: Accounts receivable (1,407) (5,609)Inventories (3,149) (2,952)Prepaid expenses and other current assets 544 688 Other assets (1,334) (1,102)Accounts payable (8,128) 4,574 Accrued expenses 16,100 (21,461)Operating lease liability (516) (317)Net cash flows provided by operating activities 40,329 4,807 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of equity investment 95,459 — Acquisitions of property, plant and equipment, software and deposits on equipment (27,599) (26,491)Net cash flows provided by (used in) investing activities 67,860 (26,491)CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of options to purchase common stock 743 157 Tax withholdings related to net shares settlements of restricted stock units (4,542) (2,861)Principal payments under finance lease obligations (984) (513)Net cash flows used in financing activities (4,783) (3,217)NET CHANGE IN CASH AND CASH EQUIVALENTS 103,406 (24,901)CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 277,975 268,633 CASH AND CASH EQUIVALENTS, END OF PERIOD$381,381 $243,732 FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN GROSS PROFIT AND ADJUSTED GROSS PROFIT
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Gross profit$120,674 $103,788 Depreciation expense 17,298 15,179 Non-cash share-based compensation 1,588 1,283 Loss (gain) on disposal of manufacturing equipment 12 (5)Adjusted Gross Profit$139,572 $120,245 Adjusted Gross Profit as a % of Net Sales 46.9% 45.7% FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN SG&A EXPENSES AND ADJUSTED SG&A EXPENSES
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)SG&A expenses$116,343 $115,285 Depreciation and amortization expense 6,980 5,937 Non-cash share-based compensation (a) 7,549 7,533 Loss on disposal of equipment 114 166 Distributor transition costs (b) — 10,680 Legal obligation (c) — 4,987 International business charges (d) — 1,273 Adjusted SG&A Expenses$101,700 $84,709 Adjusted SG&A Expenses as a % of Net Sales 34.2% 32.2% (a)Includes true-ups to share-based compensation expense. We have certain outstanding share-based awards with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA margins, Adjusted EBITDA and/or Net Sales targets as a condition of vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets. When the probability of achieving such performance conditions changes, the compensation cost previously recorded is adjusted as needed. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.(b)Represents a non-recurring loss as a result of an accounts receivable write-off in connection with the liquidation of one of our pet specialty distributors. Concurrent with its liquidation, we transitioned to a new distribution partner, who is a leading pet specialty distributor and who we anticipate will facilitate sales to pet specialty stores. Thus, despite the transitory impact during the first quarter of 2025, our ability to continue to generate sales is consistent with what we would expect to generate within the pet specialty channel.(c)Represents the net settlement charges for all claims related to the litigation with Phillips.(d)Represents termination costs due to a business change in our international go-to-market strategy. FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN NET INCOME (LOSS) AND ADJUSTED EBITDA
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Net income (loss)$48,508 $(12,697)Depreciation and amortization 24,278 21,116 Interest expense, net of interest income 705 1,064 Income tax expense 17,133 134 EBITDA 90,624 9,617 Non-cash share-based compensation (a) 9,137 8,816 Loss on disposal of property, plant and equipment 126 161 Gain on equity investment (62,013) — Distributor transition costs (b) — 10,680 Legal obligation (c) — 4,987 International business charges (d) — 1,273 Adjusted EBITDA$37,874 $35,534 Adjusted EBITDA as a % of Net Sales 12.7% 13.5%(a)Includes true-ups to share-based compensation expense. We have certain outstanding share-based awards with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA margins, Adjusted EBITDA and/or Net Sales targets as a condition of vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets. When the probability of achieving such performance conditions changes, the compensation cost previously recorded is adjusted as needed. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.(b)Represents a non-recurring loss as a result of an accounts receivable write-off in connection with the liquidation of one of our pet specialty distributors. Concurrent with its liquidation, we transitioned to a new distribution partner, who is a leading pet specialty distributor and who we anticipate will facilitate sales to pet specialty stores. Thus, despite the transitory impact during the first quarter of 2025, our ability to continue to generate sales is consistent with what we would expect to generate within the pet specialty channel.(c)Represents the net settlement charges for all claims related to the litigation with Phillips.(d)Represents termination costs due to a business change in our international go-to-market strategy. FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES AND FREE CASH FLOW
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Net cash flows provided by operating activities$40,329 $4,807 less: capital expenditures2 (27,599) (26,491)Free Cash Flow$12,730 $(21,684) 1 Adjusted Gross Margin, Adjusted Gross Profit, Adjusted SG&A, Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures. See "Non-GAAP Measures" for how the Company defines these measures and the financial tables that accompany this release for reconciliations of these measures to the closest comparable GAAP measures.
2 Capital expenditures is equivalent to the amount included in "Acquisitions of property, plant and equipment, software and deposits on equipment" on our Consolidated Statements of Cash Flows for the reported period.
Freshpet (FRPT - Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -36.00%. A quarter ago, it was expected that this seller of refrigerated fresh pet food would post earnings of $0.43 per share when it actually produced earnings of $0.64, delivering a surprise of +48.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Freshpet, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $297.64 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $263.25 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Freshpet shares have lost about 1.3% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Freshpet?While Freshpet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Freshpet was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $291.85 million in revenues for the coming quarter and $1.25 on $1.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, US Foods (USFD - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This company is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +20.6%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
US Foods' revenues are expected to be $9.71 billion, up 3.8% from the year-ago quarter.
During the quarter, we initiated new Garden positions in Onto Innovation, Baldwin Group and Freshpet. In addition to Compass, we added to our positions in Ollie's Bargain Outlet and Flowserve during the quarter. We ended our investment campaigns in Penumbra, JBT Marel and Parsons during the quarter.
Freshpet's moat continues to support top-line growth, making the current price an appealing BUY opportunity. Household penetration and expanding distribution capabilities should provide revenue and EBITDA expectation beats in the next few quarters. Even with competition from private-label products, Freshpet's product offerings remain the market favorite in the refrigerated dog food segment.
On May 13, 2026, Freshpet Inc (FRPT) shares fell 5.2% to a current price of $48.63. This decline is part of a broader downward trend, as the stock has decreased
What happenedAccording to an SEC filing dated May 13, 2026, Champlain Investment Partners, LLC, sold its entire position in Freshpet (FRPT +1.26%) by disposing of 1,776,396 shares during the first quarter. The estimated transaction value was $124.82 million, calculated using the quarter’s average unadjusted closing price. The quarter-end value of the stake decreased by $108.24 million, reflecting both the trade and price movement.
What else to knowChamplain’s full exit from Freshpet reduced the position from 1.1% of AUM last quarter to zero.
Top holdings after the filing:Tradeweb Markets: $172.90 million (2.2% of AUM)Penumbra: $161.36 million (2.1% of AUM)EOG Resources: $153.19 million (1.9% of AUM)Synopsis: $152.57 million (1.9% of AUM)Nutanix: $152.43 million (1.9% of AUM)As of May 14, 2026, shares were priced at $49.34, down 36.2% over one year, underperforming the S&P 500 by 64 percentage points.
Company overviewMetricValueRevenue (TTM)$1.14 billionNet income (TTM)$200.34 millionMarket capitalization$2.39 billionPrice (as of market close May 14, 2026)$49.34Company snapshotFreshpet:
Produces and markets natural fresh meals and treats for dogs and cats, primarily under the Freshpet, Dognation, and Dog Joy brandsGenerates revenue through retail distribution in grocery, mass, club, pet specialty, natural stores, and online channelsTargets pet owners in the United States, Canada, and Europe seeking high-quality, refrigerated pet food productsFreshpet focuses on providing minimally processed, refrigerated pet food products to health-conscious consumers, leveraging a multi-channel retail presence to drive brand visibility and customer loyalty.
What this transaction means for investorsIt looks like Champlain first purchased Freshpet in Q1 2019, while it was around $35 or $40. The stock soared above $150 a couple of times on hype from the pandemic-aided boom and strong growth it saw at the time, but has since dropped back down below $50 as the market reeled in Freshpet’s valuation. Following this dramatic decline, it looks like Champlain is washing its hands of the stock amid its steep underperformance.
However, I’d argue that Freshpet’s valuation might finally make sense for investors interested in the stock. Briefly trading at 22 times sales following the pandemic-aided boom, Freshpet currently trades at just 13 times EBITDA. Best yet for investors, the company has been profitable for two straight years and finally reached breakeven FCF generation this year, showing an ability to streamline its operations that hadn’t been seen before.
That said, Freshpet not only manufactures its products and controls much of its refrigerated supply chain, but also provides refrigerators to its retail customers, which consistently weighs on FCF. If the company can stick the landing with its vertically integrated model, it could pay ample dividends down the road. Investors have yet to really see this pay off, though, and that may be why Champlain finally liquidated its position.
All in all, I’m not ready to give up on Freshpet, but I’m not rushing to buy shares either. I’m happy to keep it on my watch list and see if its margins continue to improve. Selling to over 16 million households -- and with its digital orders growing by 43% in its last quarter -- Freshpet could be a steal if its improving margins are here to stay.
Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Freshpet and Synopsys. The Motley Fool recommends EOG Resources, Nutanix, and Penumbra. The Motley Fool has a disclosure policy.
BEDMINSTER, N.J., May 19, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that members of the executive management team will participate in the Deutsche Bank Global Consumer Conference in Paris, France.
The presentation will be on Tuesday, June 2, 2026 at 2:00 p.m. CEST / 8:00 a.m. EDT. A live webcast and replay will be available on the "Investors" section of the Company's website at www.freshpet.com.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
BEDMINSTER, N.J., May 21, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that its Board of Directors has authorized the Company to repurchase up to $150 million of its common stock.
“Our Board’s approval of this share repurchase program reflects our strong financial position and balance sheet,” commented John O’Connor, Chief Financial Officer. “Investing in our business to capture the large and growing opportunity in fresh pet food remains our highest priority for capital deployment. With proceeds from the sale of our equity investment in Ollie, efficiencies from our operations, and positive free cash flow, we have the financial flexibility to invest in new technologies, capabilities, and innovation to extend our leadership position and fuel our growth, while simultaneously returning capital to shareholders when we believe our stock trades below intrinsic value.”
The share repurchase authorization is effective immediately, does not have a fixed expiration date, does not obligate Freshpet to repurchase any specific number of shares and may be suspended or discontinued at any time. It permits shares to be repurchased from time to time at management's discretion through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions, or transactions otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing and number of shares repurchased will depend on a variety of factors, including price, general business, economic and market conditions, alternative investment opportunities, and funding considerations. The Company intends to fund the repurchases with existing cash, future cash flow from operations, future borrowings or other sources of cash at the Company’s discretion.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
Connect with Freshpet:
https://www.facebook.com/Freshpet
https://x.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://www.tiktok.com/@Freshpet
https://www.youtube.com/user/freshpet400
Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations and assumptions. These include statements regarding the amount, timing and manner of share repurchases, our confidence in Freshpet's long-term growth opportunity, our position to drive sustainable, profitable growth and long-term value. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including, but not limited to, those identified in connection with such statements, the implementation of our new technologies in the time frame, at the rate, at the cost, or with anticipated efficiencies and impact on product quality we expect, economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, and most prominently, the risks discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K and in quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
On May 21, 2026, Freshpet Inc (FRPT) shares rose 6.1% to a current price of $51.31. The stock has experienced a volatile performance, with a 52-week range betwe
NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a top complex litigation law firm, is investigating Freshpet Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) for potential violations of the federal securities laws.
On March 16, 2026, BBB National Programs issued a press release announcing that "BBB National Programs' National Advertising Division [NAD] found certain Freshpet, Inc. dog food claims supported, but recommended [that claims] that its dog food is 'human grade' be discontinued." Per the press release, "Freshpet stated that it 'will comply with the NAD's recommendation.'" Our investigation concerns whether the company and its executives provided investors with accurate and complete information about the company,” said attorney Andrea Farah, Lowey Dannenberg, P.C. partner and head of the firm’s securities practice.
If you suffered a loss of more than $50,000 in Freshpet securities, and wish to participate, or learn more about your eligibility, click here, or contact our attorneys Andrea Farah ([email protected]) at (914)733-7256 or Vincent R. Cappucci Jr. ([email protected]) at (914)733-7278.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]
On June 08, 2026, Freshpet Inc (FRPT) shares rose 3.4% to a current price of $51.40. The stock has seen a 52-week range between $46.45 and $86.00, reflecting si
