Freshpet, Inc. (FRPT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rachel Els, Vice President, Investor Relations. Thank you. You may begin. Good morning, and welcome to Fresh Pet's first quarter 2025 earnings call and webcast. On today's call are Billy Cedar, Chief Executive Officer, and Todd Comfort, Chief Financial Officer. Scott Morris, President and Co-Founder, will also be available for Q&A. Before we begin, please remember that during the course of this call, management may make forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. These include statements related to our long-term strategy and targets, prospects and plans for growth, timing and adequacy of capacity, potential impact of tariffs and consumer sentiment, expectations to be free cash flow positive in 2026, and 2025 guidance. Please refer to the earnings press release and our most recent finalings of the SEC, including our 2024 annual report on Form 10-K, all available on our website for a discussion of the factors that could cause actual results to differ materially from any forward-looking statements made today. Please note that on today's call, management will refer to certain non-GAAP financial measures, such as EBITDA and adjusted EBITDA, among others. While the company believes these non-GAAP financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in a...