Overview
- Freshpet, which reported results Wednesday, posted EPS of 91 cents and net sales of $297.6 million that topped forecasts.
- The company raised 2026 net sales growth guidance to 8% to 11% and kept its adjusted EBITDA target at $205 million to $215 million.
- Adjusted EBITDA rose to $37.9 million, yet the margin fell to 12.7% from 13.5% as selling and marketing costs, including media spend, increased.
- Shares were down about 10% in afternoon trading following the report, reflecting concern over the lower margin despite stronger demand.
- Net income reached $48.5 million, helped by a $62 million gain from selling a non‑controlling stake, and cash flow improved with positive free cash flow reported.