Quarterly ResultMay 6, 2026, 04:20 PM
Freshpet Q1 Net Income $48.5M, EPS $0.99; Sales $297.6M
AI Summary
Freshpet reported strong first-quarter 2026 financial results, with net income reaching $48.5 million, a significant turnaround from a loss in the prior year. Basic earnings per share improved to $0.99. Net sales increased to $297.6 million, driven by growth across all retail classes. The results were significantly boosted by a pre-tax gain of $62.0 million from the sale of an equity investment.
Key Highlights
- Net income attributable to common stockholders was $48.5 million, reversing a prior year loss.
- Basic earnings per share (EPS) improved to $0.99, up from $(0.26) year-over-year.
- Net sales increased to $297.6 million for the quarter, up from $263.2 million.
- Company recognized a pre-tax gain of $62.0 million from the sale of an equity investment.
- Cash and cash equivalents rose to $381.4 million as of March 31, 2026.
- Net cash flows provided by operating activities increased to $40.3 million.
- Sales from Grocery, Mass, International, and Digital channels reached $232.3 million.
- Pet Specialty and Club sales contributed $65.3 million to net sales.
Price Impact
More from FRPT