Freshpet, Inc. (FRPT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.176 Welcome to Fresh Pets fourth quarter full year 2025 earnings call. 00:00:05.176 -- 00:00:08.459 At this time, all participants are in a listen-only mode. 00:00:08.459 -- 00:00:11.382 A question and answer session will follow the presentation. 00:00:11.382 -- 00:00:16.527 If anyone should require operator assistance during the conference, please press star 00:00:16.527 -- 00:00:21.532 zero on your telephone keypad. Please note this conference is being recorded. 00:00:21.532 -- 00:00:27.077 I will now turn the conference over to Rachel Olson, Vice President of Investor Relations 00:00:27.077 -- 00:00:30.372 and Corporate Communications. Thank you. You may begin. 00:00:30.372 -- 00:00:35.600 Good morning, and welcome to Fresh Pet's fourth quarter and full year 2025 earnings call 00:00:35.600 -- 00:00:40.206 and webcast. On today's call are Billy Cyr, Chief Executive Officer, and John O'Connor, 00:00:40.206 -- 00:00:44.432 Chief Financial Officer. Nikki Beaty, Chief Operating Officer, will also be available 00:00:44.432 -- 00:00:48.919 for Q&A. Before we begin, please remember that during the course of this call, management 00:00:48.919 -- 00:00:52.143 may make forward-looking statements within the meaning of the Private Securities Litigation 00:00:52.143 -- 00:00:56.710 Reform Act of 1995. These include statements related to our strategies to reaccelerate 00:00:56.710 -- 00:01:01.172 growth, progress, and opportunities in capital efficiencies, timing and impact of new 00:01:01.172 -- 00:01:05.619 technology, capital spending, adequacy of capacity, expectations to be free cash flow 00:01:05.619 -- 00:01:08.724 positive, 2026 guidance, and 2027 targets. 00:01:08.724 -- 00:01:12.911 They involve risks and uncertainties that could cause a...