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Freshpet, Inc. (FRPT) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

Kikkoman (OTCMKTS:KIKOF – Get Free Report) and Freshpet (NASDAQ:FRPT – Get Free Report) are both consumer staples companies, but which is the better investment? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, analyst recommendations and dividends.

Profitability This table compares Kikkoman and Freshpet’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Kikkoman N/A N/A N/A Freshpet 17.28% 5.97% 4.07% Analyst Recommendations This is a summary of current recommendations and price targets for Kikkoman and Freshpet, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Kikkoman 0 0 0 0 0.00 Freshpet 1 7 10 0 2.50 Freshpet has a consensus price target of $75.31, suggesting a potential upside of 7.11%. Given Freshpet’s stronger consensus rating and higher possible upside, analysts clearly believe Freshpet is more favorable than Kikkoman. Institutional and Insider Ownership 17.9% of Kikkoman shares are owned by institutional investors. 4.3% of Freshpet shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Earnings and Valuation This table compares Kikkoman and Freshpet”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Kikkoman N/A N/A N/A $66.31 0.15 Freshpet $1.10 billion 3.14 $139.14 million $3.80 18.50 Freshpet has higher revenue and earnings than Kikkoman. Kikkoman is trading at a lower price-to-earnings ratio than Freshpet, indicating that it is currently the more affordable of the two stocks.

Summary Freshpet beats Kikkoman on 9 of the 11 factors compared between the two stocks.

About Kikkoman (Get Free Report)

Kikkoman Corporation, through its subsidiaries, manufactures and sells food products in Japan and internationally. It offers soy sauces, soy sauce soup bases, dipping and marinade sauces, and Del Monte seasonings; soy milk and Del Monte beverages; mirin and wines. The company also manufactures and sells canned fruits, corn products, and tomato ketchup; health foods; and purchases and sells oriental food products, as well as other products. In addition, it produces and sells clinical diagnostic reagents, hygiene inspection agents, and processing enzymes, as well as chemical products, including hyaluronic acid; and offers real estate rental, logistics, and back-office support services. The company was formerly known as Kikkoman Shoyu Co., Ltd. and changed its name to Kikkoman Corporation in 1980. Kikkoman Corporation was founded in 1917 and is headquartered in Noda, Japan.

About Freshpet (Get Free Report)

Freshpet, Inc., together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. The company was incorporated in 2004 and is headquartered in Secaucus, New Jersey.

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BEDMINSTER, N.J., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that members of the executive management team will participate in the Barclays 19th Annual Global Consumer Conference in Boston, MA.

The presentation will be on Thursday, September 10, 2026 at 7:30 a.m. ET. 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.

Posted by Defense World Staff on Aug 9th, 2026

California State Teachers Retirement System increased its holdings in Freshpet, Inc. (NASDAQ:FRPT – Free Report) by 27.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,465 shares of the company’s stock after acquiring an additional 12,732 shares during the period. California State Teachers Retirement System owned about 0.12% of Freshpet worth $3,506,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in Freshpet by 606.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the company’s stock worth $25,000 after purchasing an additional 358 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of Freshpet in the fourth quarter valued at approximately $28,000. Signaturefd LLC lifted its holdings in shares of Freshpet by 143.0% in the fourth quarter. Signaturefd LLC now owns 503 shares of the company’s stock valued at $31,000 after purchasing an additional 296 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Freshpet by 55.0% in the third quarter. Parallel Advisors LLC now owns 555 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Freshpet during the fourth quarter valued at approximately $32,000.

Insiders Place Their Bets In related news, CEO William B. Cyr sold 42,907 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.92, for a total transaction of $2,056,103.44. Following the completion of the transaction, the chief executive officer owned 204,585 shares in the company, valued at approximately $9,803,713.20. This represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 235,262 shares of company stock worth $11,664,591 in the last three months. 4.30% of the stock is currently owned by corporate insiders.

Key Stories Impacting Freshpet Here are the key news stories impacting Freshpet this week:

Positive Sentiment: Analyst support remains substantial. Stifel Nicolaus raised its price target to $78 from $66 and reiterated a “buy” rating, while DA Davidson maintained a “buy” rating despite trimming its target to $95 from $101. These targets imply meaningful upside and may be supporting the stock. Analyst price target updates Positive Sentiment: Freshpet’s growth strategy is attracting attention. Coverage of the company’s second-quarter performance highlights its omnichannel distribution, manufacturing improvements and continued growth initiatives. These factors could help expand capacity, improve execution and support longer-term revenue growth. Freshpet Q2 deep dive Positive Sentiment: Recent second-quarter materials reinforce the growth narrative. Freshpet’s earnings presentation and related analyst commentary focus on the company’s operating momentum and expansion opportunities, providing a fundamental backdrop for the recent upward price action. Freshpet 2026 Q2 earnings presentation Neutral Sentiment: Analyst opinion is divided. Morgan Stanley reaffirmed an “equal weight” rating but reduced its price target to $72 from $77. Although the new target remains above the reported trading level, the cut signals more limited confidence in near-term upside than the bullish targets from Stifel and DA Davidson. Morgan Stanley Freshpet rating Negative Sentiment: Valuation remains a key risk. A recent Seeking Alpha analysis argues that Freshpet’s growth may not be sufficient to justify the stock’s valuation, raising concerns about the risk-reward profile even as the business expands. This could limit gains or prompt profit-taking. Freshpet valuation analysis Analyst Ratings Changes Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Freshpet from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson dropped their price objective on Freshpet from $101.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Freshpet from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company lowered their target price on shares of Freshpet from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.31.

View Our Latest Analysis on FRPT

Freshpet Trading Up 0.3% Shares of Freshpet stock opened at $66.91 on Friday. The firm has a market cap of $3.29 billion, a PE ratio of 17.61 and a beta of 1.61. Freshpet, Inc. has a 1 year low of $46.45 and a 1 year high of $86.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.05 and a quick ratio of 5.26. The stock has a fifty day moving average price of $56.19 and a 200-day moving average price of $62.61.

Freshpet Company Profile (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's Impressive Q2 Sparks Optimism Despite Market FearsFreshpet NASDAQ: FRPT reported second-quarter 2026 results that exceeded its annual guidance range, prompting the fresh pet food company to raise its sales and adjusted EBITDA outlook despite what management described as a volatile consumer environment.

Net sales rose 15.5% year over year to $305.6 million, driven by 15.7% volume growth and partly offset by a 0.2% unfavorable price-mix effect. Adjusted EBITDA increased about 18% to $52.2 million, while adjusted EBITDA margin improved to 17.1% from 16.8% a year earlier. Net income totaled $19.5 million, compared with $16.4 million in the prior-year period.

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Freshpet Surges 10%: Fresh Highs to Come for This Pet StockCEO Billy Cyr said the company delivered its strongest growth rate in more than a year and its highest adjusted gross margin since the first quarter of 2020. He said Freshpet’s performance came amid higher gas prices and weaker consumer sentiment, which have affected consumers’ willingness to trade up in pet food and other categories.

Updated 2026 Outlook Freshpet raised its 2026 net sales growth forecast to 10% to 12%, from a prior range of 8% to 11%. It also lifted projected adjusted EBITDA to $210 million to $220 million, representing year-over-year growth of 7% to 12%, compared with its earlier outlook of $205 million to $215 million.

Here’s The One Pet Stock That’s Not in the DoghouseCFO John O’Connor said the company expects a more difficult comparison in the third quarter due to a significant expansion at a large club customer and a shift in ordering around the July 4 holiday in 2025. Those factors are expected to reduce reported year-over-year growth by more than two percentage points in the third quarter.

Management said the low end of its sales outlook assumes that current macroeconomic conditions remain unchanged, with little to no sequential sales or household-penetration growth. Reaching or exceeding the high end would require stronger advertising results, further omnichannel gains, additional distribution, stronger dog food category growth or a return of trade-up behavior.

The company now expects adjusted gross margin to improve by approximately 100 to 150 basis points in 2026 at the midpoint of its sales guidance, up from its previous expectation of 50 to 100 basis points. Freshpet maintained its capital expenditure forecast of about $150 million for the year.

Margins, Cash Flow and Costs Second-quarter adjusted gross margin increased 170 basis points to 48.6%, from 46.9% a year earlier. O’Connor attributed the improvement primarily to stronger leverage on plant expenses from higher sales and lower input costs. The gain was partly offset by disposal-related quality costs associated with commissioning the company’s new manufacturing technology.

Adjusted selling, general and administrative expense rose to 31.4% of net sales from 30.1% in the prior-year quarter. The increase reflected higher variable compensation and higher logistics costs. Logistics represented 6.9% of sales, up from 5.7%, as fuel costs rose and trucking capacity remained constrained.

Media spending declined to 13.4% of net sales from 15% a year earlier. Management said media remains Freshpet’s main source of demand generation and that it would consider additional advertising investment if the company sees attractive returns.

Operating cash flow rose 31% to $44.4 million, while capital spending was $29.7 million, resulting in free cash flow of $14.7 million, compared with $0.5 million a year earlier. Freshpet ended the quarter with $350.8 million in cash. Under its $150 million share repurchase authorization announced in May, the company had repurchased $86.5 million of stock, or 1.6 million shares, as of the end of July.

Omnichannel Growth and Consumer Trends Freshpet said its products were available in more than 30,000 stores, with about 25% of its U.S. and Canadian locations featuring multiple refrigerators. Distribution points increased 13% in the second quarter.

Digital orders grew 41% and represented 16.7% of total sales, up from 16.1% in the first quarter. About 78% of e-commerce sales volume moved through the company’s refrigerator network, which management described as serving both in-store shoppers and online fulfillment needs.

The company said it expects to be in at least 700 rural lifestyle retail stores by year-end and is testing a third SKU in select club stores. Freshpet has 33 “Fridge Islands” in selected mass, pet specialty and grocery locations, though management said it does not expect a material expansion of those units in 2026. Discussions for 2027 are underway.

Cyr said household penetration rose 5% over the last 52 weeks, while buying rate increased 7%. Freshpet is increasingly focused on higher-value “MVP” households, which management said spend five times more annually than the average household and account for 71% of sales. COO Nicki Baty said the company is transitioning from a more trial-driven model toward a “more durable consumer franchise,” with higher-quality household acquisition and stronger repeat buying.

Manufacturing Technology and 2027 Goals Freshpet has three production lines using its new bag technology, including two in Bethlehem and one in Ennis. Management said the technology is improving product quality, throughput, yield and unit economics, although the lines remain in a startup and optimization phase.

The company expects the installed lines, once fully optimized, to provide more than 100 basis points of gross-margin improvement across the business. Freshpet expects approximately 25 basis points of benefit from the technology in 2026, with a greater contribution anticipated in 2027.

Strong performance from existing production lines has reduced the immediate need for additional capacity spending, management said. Cyr added that the technology could enable new products with different ingredients, forms and visual appeal. Freshpet has already introduced Homestyle Creations Beef and Healthy Mixers from the new lines.

For 2027, Freshpet raised its adjusted gross-margin goal to at least 49%, from at least 48%, while reiterating its adjusted EBITDA margin target of 20% to 22%. O’Connor said high-single-digit sales growth would position the company toward the lower end of that EBITDA margin range, while low- to mid-double-digit growth would support the higher end, alongside gains from manufacturing, logistics and broader cost improvements.

About Freshpet (NASDAQ:FRPT)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Delivers ~15% Net Sales Growth
Raises 2026 Net Sales and Adjusted EBITDA Outlook
Updates Long-Term Adjusted Gross Margin Target to >49%

BEDMINSTER, N.J., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its second quarter and six months ended June 30, 2026.

Second Quarter 2026 Financial Highlights Compared to Prior Year Period

Net sales of $305.6 million, an increase of 15.5%.Gross margin of 42.1%, compared to the prior year period of 40.9%.Adjusted Gross Margin of 48.6%, compared to the prior year period of 46.9%.1Net income of $19.5 million, compared to the prior year period net income of $16.4 million.Adjusted EBITDA of $52.2 million, compared to the prior year period of $44.4 million.1 "Our second quarter performance demonstrates the strength and resilience of our business model. It also reinforces our belief that fresh is the future of pet food and that Freshpet is uniquely positioned to win in that segment," commented Billy Cyr, Freshpet’s Chief Executive Officer. "Despite economic headwinds and new competitors, we grew significantly faster than the category, improved margins, and produced strong cash flow. We believe our manufacturing scale and expertise enables us to deliver the highest quality products at the lowest costs, while our expanding omnichannel presence enables us to grow market share and deepen engagement with our most valuable pet parents. This gives us confidence in our ability to fulfill Freshpet's mission to help dogs and cats live longer, happier lives with the people who love them and create long-term value for shareholders."

Second Quarter 2026

Net sales increased 15.5% to $305.6 million for the second quarter of 2026, compared to $264.7 million in the prior year period. The increase in net sales was primarily driven by volume gains of 15.7%, partially offset by unfavorable price/mix of 0.2%.

Gross profit was $128.7 million, or 42.1% as a percentage of net sales, for the second quarter of 2026, compared to $108.2 million, or 40.9% 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, partially offset by higher quality costs related to the startup of new technology lines. For the second quarter of 2026, Adjusted Gross Profit was $148.4 million, or 48.6% as a percentage of net sales, compared to $124.0 million, or 46.9% as a percentage of net sales, in the prior year period.1

Selling, general and administrative expenses (“SG&A”) were $107.0 million, or 35.0% as a percentage of net sales, for the second quarter of 2026, compared to $90.4 million, or 34.1% as a percentage of net sales, in the prior year period. SG&A as a percentage of net sales increased primarily due to increased logistics costs and variable compensation accrual, partially offset by decreased media spend as a percentage of net sales. Adjusted SG&A for the second quarter of 2026 was $96.1 million, or 31.4% as a percentage of net sales, compared to $79.6 million, or 30.1% as a percentage of net sales, in the prior year period.1

Net income was $19.5 million for the second quarter of 2026 compared to $16.4 million in the prior year period. The increase in net income was due to an additional gain on equity investment, as a result of certain post-closing adjustments on the sale of 100% of our non-controlling interest in a privately held company following its acquisition by a third party, and contributions from higher sales, partially offset by the increases in SG&A and income tax expense.

Adjusted EBITDA was $52.2 million for the second quarter of 2026 compared to $44.4 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.

First Six Months of 2026

Net sales increased 14.3% to $603.2 million for the first six months of 2026, compared to $527.9 million in the prior year period. The increase in net sales was primarily driven by volume gains of 15.1%, partially offset by unfavorable price/mix of 0.8%.

Gross profit was $249.4 million, or 41.3% as a percentage of net sales, for the first six months of 2026, compared to $212.0 million, or 40.2% 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, partially offset by higher quality costs related to the startup of new technology lines. For the first six months of 2026, Adjusted Gross Profit was $288.0 million, or 47.7% as a percentage of net sales, compared to $244.3 million, or 46.3% as a percentage of net sales, in the prior year period.1

SG&A were $223.3 million, or 37.0% as a percentage of net sales, for the first six months of 2026, compared to $205.7 million, or 39.0% 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 half of 2025, partially offset by increased logistics costs and variable compensation accrual. Adjusted SG&A for the first six months of 2026 was $197.8 million, or 32.8% as a percentage of net sales, compared to $164.3 million, or 31.1% as a percentage of net sales, in the prior year period.1

Net income was $68.0 million for the first six months of 2026 compared to $3.7 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 increases in logistics costs, variable compensation accrual and income tax expense.

Adjusted EBITDA was $90.1 million for the first six months of 2026 compared to $79.9 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 June 30, 2026, the Company had cash and cash equivalents of $350.8 million with $398.4 million of debt outstanding, net of $4.1 million of unamortized debt issuance costs. Cash and cash equivalents increased $72.8 million compared to $278.0 million as of December 31, 2025, primarily as a result of the $100.0 million of cash proceeds received from the sale of our equity investment and $27.4 million of Free Cash Flow, partially offset by $54.4 million of share repurchases pursuant to the previously announced share repurchase program. For the six months ended June 30, 2026, cash from operations was $84.8 million, an increase of $46.1 million compared to the prior year period.

Outlook

For full year 2026, the Company is updating its guidance and now expects the following:

Net sales growth in the range of 10% to 12%, compared to growth of 8% to 11% in the previous guidance;Adjusted EBITDA in the range of $210 million to $220 million, compared to $205 million to $215 million in the previous guidance; andPositive Free Cash Flow with capital expenditures of ~$150 million, unchanged from the previous guidance. The Company is also updating its long-term guidance. For full year 2027, the Company now expects:

Net sales well in excess of the category growth rate, unchanged;Adjusted Gross Margin of at least 49%, compared to at least 48% previously; andAdjusted EBITDA margin in the range of 20% to 22%, unchanged. 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, August 5, 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 (844) 825-9789 and international listeners may dial (412) 317-5180; 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.

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 belief in the impact of our manufacturing expertise and omnichannel strategy, 2026 guidance and 2027 financial targets, and being uniquely positioned to capture a meaningful share of the category. 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 competitive products at higher quality or less cost, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, organizational changes, 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)
  June 30,
2026 December 31,
2025ASSETS   CURRENT ASSETS:   Cash and cash equivalents$350,809  $277,975 Accounts receivable, net of allowance for doubtful accounts 65,383   63,762 Inventories, net 86,734   76,766 Prepaid expenses 7,744   9,807 Other current assets 6,396   7,404 Total Current Assets 517,066   435,714 Property, plant and equipment, net 1,146,325   1,138,671 Operating lease right of use assets 64,786   66,424 Long term investment in equity securities —   33,446 Deferred tax assets, net 47,405   68,893 Other assets 36,833   34,627 Total Assets$1,812,415  $1,777,775 LIABILITIES AND STOCKHOLDERS' EQUITY   CURRENT LIABILITIES:   Accounts payable$36,817  $42,429 Accrued expenses 44,116   31,610 Current operating lease liabilities 2,189   2,241 Current finance lease liabilities 2,397   2,315 Total Current Liabilities 85,519   78,595 Convertible senior notes 398,443   397,330 Long term operating lease liabilities 64,046   65,023 Long term finance lease liabilities 26,582   28,075 Deferred tax liabilities, net 129   93 Total Liabilities$574,719  $569,116 Commitments and contingencies —   — STOCKHOLDERS' EQUITY:   Common stock — voting, $0.001 par value, 200,000 shares authorized, 49,671 issued and 48,625 outstanding on June 30, 2026, and 48,985 issued and 48,970 outstanding on December 31, 2025 49   49 Additional paid-in capital 1,367,847   1,351,201 Accumulated deficit (74,673)  (142,669)Accumulated other comprehensive (loss) income (706)  334 Treasury stock, at cost, inclusive of excise tax and broker fees — 1,046 shares on June 30, 2026 and 14 shares on December 31, 2025 (54,821)  (256)Total Stockholders' Equity 1,237,696   1,208,659 Total Liabilities and Stockholders' Equity$1,812,415  $1,777,775          FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Unaudited, in thousands, except per share data)  For the Three Months Ended
June 30, For the Six Months Ended
June 30,  2026   2025   2026   2025 NET SALES$305,587  $264,689  $603,231  $527,938 COST OF GOODS SOLD 176,893   156,499   353,863   315,960 GROSS PROFIT 128,694   108,190   249,368   211,978 SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES 106,985   90,386   223,328   205,671 INCOME FROM OPERATIONS 21,709   17,804   26,040   6,307 OTHER INCOME (EXPENSES):       Interest and Other Income, net 2,830   2,199   5,713   4,592 Interest Expense (3,483)  (3,749)  (7,069)  (7,208)Gain on Equity Investment 4,539   —   66,552   — TOTAL OTHER INCOME (EXPENSE) 3,886   (1,550)  65,196   (2,616)INCOME BEFORE INCOME TAXES 25,595   16,254   91,236   3,691 INCOME TAX EXPENSE (BENEFIT) 6,107   (102)  23,240   32 INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$19,488  $16,356  $67,996  $3,659 OTHER COMPREHENSIVE (LOSS) INCOME:       Change in foreign currency translation$(247) $240  $(1,040) $451 TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (247)  240   (1,040)  451 TOTAL COMPREHENSIVE INCOME$19,241  $16,596  $66,956  $4,110 NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS       -BASIC$0.40  $0.34  $1.38  $0.08 -DILUTED$0.39  $0.33  $1.29  $0.07 WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING       -BASIC 49,197   48,778   49,129   48,755 -DILUTED 55,811   50,198   55,926   50,256                  FRESHPET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in thousands)  For the Six Months Ended
June 30,  2026   2025 CASH FLOWS FROM OPERATING ACTIVITIES:   Net income$67,996  $3,659 Adjustments to reconcile net income to net cash flows provided by operating activities:   Provision for loss on accounts receivable 14   11,452 Loss on disposal of property, plant and equipment 154   1,229 Share-based compensation 15,516   15,037 Depreciation and amortization 49,954   42,436 Amortization of deferred financing costs 1,113   1,074 Change in operating lease right of use asset 1,638   727 Deferred income taxes 21,528   — Gain on equity investment (66,552)  — Changes in operating assets and liabilities:   Accounts receivable (1,467)  (3,208)Inventories (9,991)  (9,400)Prepaid expenses and other current assets 2,445   (3,913)Other assets (3,725)  (3,060)Accounts payable (5,554)  2,291 Accrued expenses 12,713   (18,958)Operating lease liability (1,028)  (673)Net cash flows provided by operating activities 84,754   38,693 CASH FLOWS FROM INVESTING ACTIVITIES:   Proceeds from sale of equity investment 99,998   — Acquisitions of property, plant and equipment, software and deposits on equipment (57,324)  (59,932)Net cash flows provided by (used in) investing activities 42,674   (59,932)CASH FLOWS FROM FINANCING ACTIVITIES:   Purchase of treasury stock, inclusive of broker fees (54,391)  — Proceeds from exercise of options to purchase common stock 5,985   187 Tax withholdings related to net shares settlements of restricted stock units (4,632)  (2,860)Principal payments under finance lease obligations (1,556)  (1,037)Net cash flows used in financing activities (54,594)  (3,710)NET CHANGE IN CASH AND CASH EQUIVALENTS 72,834   (24,949)CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 277,975   268,633 CASH AND CASH EQUIVALENTS, END OF PERIOD$350,809  $243,684          FRESHPET, INC. AND SUBSIDIARIESRECONCILIATION BETWEEN GROSS PROFIT AND ADJUSTED GROSS PROFIT  Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025  (Dollars in thousands)Gross profit$128,694  $108,190  $249,368  $211,978 Depreciation expense 17,858   13,729   35,156   28,909 Non-cash share-based compensation 1,882   1,831   3,469   3,114 Loss on disposal of manufacturing equipment —   260   12   255 Adjusted Gross Profit$148,434  $124,010  $288,005  $244,256 Adjusted Gross Profit as a % of Net Sales 48.6%  46.9%  47.7%  46.3%                 FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN SG&A EXPENSES AND ADJUSTED SG&A EXPENSES
  Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025  (Dollars in thousands)SG&A expenses$106,985  $90,386  $223,328  $205,671 Depreciation and amortization expense 6,394   6,167   13,374   12,104 Non-cash share-based compensation (a) 4,498   4,390   12,047   11,923 Loss on disposal of equipment 28   225   142   391 Distributor transition costs (b) —   —   —   10,680 Legal obligation (c) —   —   —   4,987 International business charges (d) —   —   —   1,273 Adjusted SG&A Expenses$96,065  $79,604  $197,765  $164,313 Adjusted SG&A Expenses as a % of Net Sales 31.4%  30.1%  32.8%  31.1% (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 AND ADJUSTED EBITDA
  Three Months Ended
June 30, Six Months Ended
June 30,  2026   2025   2026   2025  (Dollars in thousands)Net income$19,488  $16,356  $67,996  $3,659 Depreciation and amortization 24,252   19,896   48,530   41,013 Interest expense, net of interest income 484   1,546   1,189   2,610 Income tax expense 6,107   (102)  23,240   32 EBITDA 50,331   37,696   140,955   47,314 Non-cash share-based compensation (a) 6,380   6,221   15,516   15,037 Loss on disposal of property, plant and equipment 28   485   154   646 Gain on equity investment (4,539)  —   (66,552)  — Distributor transition costs (b) —   —   —   10,680 Legal obligation (c) —   —   —   4,987 International business charges (d) —   —   —   1,273 Adjusted EBITDA$52,200  $44,402  $90,073  $79,937 Adjusted EBITDA as a % of Net Sales 17.1%  16.8%  14.9%  15.1% (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
 Six Months Ended
June 30,  2026   2025  (Dollars in thousands)Net cash flows provided by operating activities$84,754  $38,693 less: capital expenditures2 (57,324)  (59,932)Free Cash Flow$27,430  $(21,239)         ________________________
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.

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.

Posted by Defense World Staff on Jul 23rd, 2026

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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« PREVIOUS HEADLINENavient Corporation (NASDAQ:NAVI) Given Consensus Recommendation of “Reduce” by Analysts

July 15, 2026 08:00 ET  | Source: Freshpet, Inc.

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.

Investors:
Rachel Ulsh
[email protected]

Media:
[email protected]

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.

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

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.

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.

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. 

Media Contact: M Booth PR; [email protected]

SOURCE Freshpet

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.

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

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.

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 

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

Freshpet, Inc. (FRPT) Presents at 23rd annual dbAccess Global Consumer Conference Transcript