Freshpet’s shares jumped 7% after the company reported second quarter results that beat expectations on growth and margins, prompting an upward revision to full-year sales and adjusted EBITDA guidance.
- Delivered strongest growth rate in over a year, driven by a 13% combined increase in household penetration and buying rate, with buying rate alone up 7% over the past 52 weeks.
- Achieved highest adjusted gross margin since Q1 2020, underscoring manufacturing scale and cost advantages.
- Raised 2026 sales and adjusted EBITDA guidance ranges, reflecting confidence despite ongoing macroeconomic pressures like higher gas prices and cautious consumer spending.
- Digital orders grew 41%, now comprising 16.7% of total sales, supported by an expanding fridge network that also enables omnichannel fulfillment.
- Total distribution points expanded 13% in Q2, with further selective expansion planned in rural lifestyle retail channels and club stores.
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