Earnings ·
Freshpet reports Q3 net sales of $317.8M, up 10%, raising full-year outlook
FRPTFreshpet, Inc.
Freshpet reported third-quarter net sales of $317.8 million, a 10% increase driven by volume gains, and achieved an adjusted gross margin of 50%. Net income was $29.7 million, down from $101.7 million in the prior year due to a one-time tax benefit recognized previously. Adjusted EBITDA rose 18% to $64.5 million. The company raised its full-year 2026 net sales growth guidance to 12%-13% and adjusted EBITDA guidance to $215-$220 million, citing strong operational performance and margin expansion. Freshpet operates in the fresh pet food industry, manufacturing and distributing refrigerated dog and cat food through retail and direct-to-consumer channels.