Business
Freshpet, Inc. Reports Second Quarter 2025 Financial Results
Delivers Category Leading GrowthDrives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital RequirementsUpdates Outlook for 2025 and 2027
About this update from Freshpet, Inc.
[{"type":"text","content":"Delivers Category Leading GrowthDrives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital RequirementsUpdates Outlook for 2025 and 2027 BEDMINSTER, N.J., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its second quarter and six months ended June 30, 2025. Second Quarter 2025 Financial Highlights Compared to Prior Year Period Net sales of $264.7 million, an increase of 12.5%.Net income of $16.4 million, compared to the prior year period net loss of $1.7 million.Gross margin of 40.9%, compared to the prior year period of 39.9%.Adjusted Gross Margin of 46.9%, compared to the prior year period of 45.9%.1Adjusted EBITDA of $44.4 million, compared to the prior year period of $35.1 million.1 \"Against a more challenging consumer sentiment backdrop, we continue to significantly outperform the dog food category - delivering both category leading sales growth and strong improvements in operations,\" commented Billy Cyr, Freshpet’s Chief Executive Officer. “As a nimble growth company that is adapting to an economically constrained consumer, we are intensely focused on what we can control. That includes accelerating our advertising and distribution programs, reducing our capital expenditures, and strengthening our operations. On the other hand, we will be pragmatic about what we can't control, so we are revising our current year's net sales target and removing our long-term net sales target to match the environment we are facing today. We still believe we will deliver outsized growth for a long period of time, but we need to plan for the current economic realities. In total, we believe the actions we are taking position us well to create significant shareholder value and fulfill our mission to elevate the way we feed our pets with fresh food that nourishes all.\" Second Quarter 2025 Net sales increased 12.5% to $264.7 million for the second quarter of 2025 compared to $235.3 million in the prior year period. The increase in net sales was primarily driven by volume gains of 10.8% and favorable price/mix of 1.7%. Gross profit was $108.2 million, or 40.9% as a percentage of net sales, for the second quarter of 2025, compared to $94.0 million, or 39.9% as a percentage of net sales, in the prior year period. The increase in reported gross p...