| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 297.64 | 13.1% |
| Total Income | 297.64 | 13.1% |
| Expenditure | 293.31 | 6.8% |
| PBT | 65.64 | 622.6% |
| Net Profit | 48.51 | 482.0% |
| OPM | 1.46% | 5.82pp |
| NPM | 16.30% | 21.12pp |
| EPS | 0.99 | 480.8% |
Freshpet Reports Q1 2026 Net Sales Up 13.1% to $297.6M
06 May 2026 · 6 May, 4:07 pm
Summary
Freshpet, Inc. reported a 13.1% increase in net sales for the first quarter of 2026, reaching $297.6 million. Gross margin improved to 40.5%, and adjusted EBITDA increased to $37.9 million. The company reported a net income of $48.5 million, a substantial improvement from the prior year's net loss. Freshpet is updating its full-year 2026 guidance, now expecting net sales growth between 8% and 11%.
Key Highlights
- 1
Freshpet's net sales for the first quarter of 2026 increased by 13.1% to $297.6 million.
- 2
The company's gross margin was 40.5% in Q1 2026, compared to 39.4% in the prior year period.
- 3
Adjusted EBITDA for the first quarter of 2026 was $37.9 million, compared to $35.5 million in the prior year period.
- 4
Net income for the first quarter of 2026 was $48.5 million, a significant increase from the net loss of $12.7 million in the prior year period.
- 5
The company is updating its 2026 guidance and now expects net sales growth in the range of 8% to 11%.
Management Comments
Billy Cyr
"We are encouraged by our strong start to 2026, delivering first quarter sales growth in excess of our 2026 guidance and reinforcing our confidence in Freshpet's long-term growth opportunity. Our performance reflects the strength of our differentiated product offerings, our manufacturing scale and expertise, our extensive omnichannel marketing and distribution capabilities, and our ability to adapt in a dynamic environment to drive market share gains and lead the growing fresh pet food segment." "As strong as our performance is, we remain mindful of ongoing macroeconomic volatility and inflation. We are modestly raising our net sales guidance to reflect our strong start to the year, while balancing broader economic risks. We have a large and expanding addressable market, continued momentum with customers and consumers, and early progress on our operational and technology initiatives. We believe we are well positioned to drive sustainable, profitable growth and long-term value creation while fulfilling our mission to help dogs and cats live longer, happier lives with the people who love them."
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