Freshpet, Inc.

Freshpet reported strong financial results for the second quarter and first half of 2026. Net sales grew 15.5% in Q2 to $305.6 million and 14.3% in H1 to $603.2 million. The company's H1 net income significantly increased to $68.0 million, driven by a $66.6 million pre-tax gain from an equity investment sale. Freshpet also repurchased $54.6 million of its common stock during the first half of the year.

Freshpet, Inc. reported strong second quarter 2026 financial results, with net sales increasing 15.5% to $305.6 million and net income rising to $19.5 million. The company also delivered a 17.6% increase in Adjusted EBITDA to $52.2 million. Following this performance, Freshpet raised its full-year 2026 outlook for net sales growth and Adjusted EBITDA, and increased its long-term Adjusted Gross Margin target for 2027.

Freshpet, Inc. announced that Scott Morris, co-founder and President, will retire effective October 20, 2026. Mr. Morris will transition to an advisory role for 18 months, receiving bi-weekly payments of $38,904, and his unvested restricted stock units will vest upon his separation. Nicola Baty, the current Chief Operating Officer, will assume the additional role of President on the same date, ensuring a smooth leadership transition for the company.

Freshpet, Inc. announced that President and Co-Founder Scott Morris will transition from his operating responsibilities to an advisory role on October 20, 2026, coinciding with the company's 20th anniversary. Nicki Baty, current COO, will assume the title of President & COO, overseeing commercial operations and supply chain. Additionally, Thembi Machaba has been promoted to Chief Human Resources Officer and Chief Administrative Officer, expanding her responsibilities to include sustainability and community relations. These changes are part of a long-standing succession plan, positioning Freshpet for continued growth.

Freshpet, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $150 million of its common stock. The program is effective immediately with no fixed expiration date, allowing management discretion on timing and methods. The company plans to fund these repurchases using existing cash, future cash flow, and other financial sources, while maintaining its primary focus on investing in business growth within the fresh pet food market.

Freshpet, Inc. announced that its executive management team will participate in the Deutsche Bank Global Consumer Conference in Paris, France. The presentation is scheduled for June 2, 2026, and will be accessible via a live webcast and replay on the company's investor relations website.

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.

Freshpet reported strong first-quarter 2026 financial results, with net sales increasing 13.1% to $297.6 million and a significant turnaround to a net income of $48.5 million from a prior-year net loss. The company also delivered a 46.9% Adjusted Gross Margin and $37.9 million in Adjusted EBITDA. Building on this performance, Freshpet raised its full-year 2026 net sales growth guidance to a range of 8% to 11%, while maintaining its Adjusted EBITDA and capital expenditure outlook. The company highlighted strong operational progress, including growth in household penetration and early success with new manufacturing technology.

Freshpet, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 10, 2026, with a record date of April 15, 2026. Stockholders will vote on the election of twelve directors, the ratification of KPMG LLP as the independent auditor, and an advisory vote on executive compensation. The company noted a slowdown in 2025 net sales growth to 13% from 27% in 2024 due to a shift in consumer sentiment, but highlighted outperforming the category, surpassing $1 billion in net sales, and delivering positive free cash flow.