Freshpet, Inc. (FRPT) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.016 Thank you, Rachel. You may now begin. 00:00:04.016 -- 00:00:09.023 Good morning, and welcome to Fresh Pet's third quarter 2025 earnings call and webcast. 00:00:09.023 -- 00:00:13.590 On today's call are Billy Sear, Chief Executive Officer, and Ivan Garcia, Interim Chief 00:00:13.590 -- 00:00:17.936 Financial Officer. Nikki Beatty, Chief Operating Officer, will also be available for 00:00:17.936 -- 00:00:22.402 Q&A. Before we begin, please remember that during the course of this call, management 00:00:22.402 -- 00:00:26.187 may make forward-looking statements within the meaning of the Private Securities Litigation 00:00:26.187 -- 00:00:31.128 Reform Act of 1995. These include statements related to our strategies to accelerate 00:00:31.128 -- 00:00:35.294 growth, progress and opportunities, and capital efficiencies, timing and impact of new 00:00:35.294 -- 00:00:40.202 technology, capital spending, adequacy of capacity, expectations to be free cash flow 00:00:40.202 -- 00:00:43.848 positive, 2025 guidance, and 2027 targets. 00:00:43.848 -- 00:00:47.794 They involve risks and uncertainties that can cause actual results to differ materially 00:00:47.794 -- 00:00:51.420 from any forward-looking statements made today, including those associated with these 00:00:51.420 -- 00:00:55.406 statements and those discussed in our earnings press release and most recent filings 00:00:55.406 -- 00:01:00.571 of the SEC, including our 2024 annual report on Form 10-K, which are all available 00:01:00.571 -- 00:01:05.777 on our website. Please note that on today's call, management will refer to certain non-GAAP 00:01:05.777 -- 00:01:09.461 financial measures, such as EBITDA and adjusted EBITDA, among others. 00:01:09.461 -- 00:01:13.145 While the compan...