Description

Freshpet Raises Growth Guidance As Fresh And Frozen Pet Food Momentum Builds!

Freshpet, Inc. reported first quarter 2026 net sales of $297.6 million, reflecting a 13.1% year-over-year increase primarily driven by volume growth, outperforming prior guidance. This growth benefited in part from lapping distributor disruptions in the prior year, contributing 50 to 100 basis points. Adjusted gross margin improved to 46.9%, up 120 basis points from the prior year period, supported by expense leverage and reduced input costs. Adjusted EBITDA increased 7% to $37.9 million, although margins declined slightly from 13.5% to 12.7% due to elevated selling, general and administrative expenses and higher logistics costs. Net income rose to $48.5 million compared to a loss the previous year, mainly aided by proceeds from the sale of the company’s equity investment in Ollie. The company raised its 2026 net sales growth guidance to 8%–11% from 7%–10%, while reiterating adjusted EBITDA guidance of $205 million to $215 million.