Freshpet Earnings Calls

Q1 2025 (Upcoming)
Release date May 05, 2025
EPS estimate $0.130
EPS actual -
Revenue estimate 260.754M
Revenue actual -
Expected change +/- 8.42%
Q4 2024 Missed
$0.360 (-18.18%)
Release date Feb 20, 2025
EPS estimate $0.440
EPS actual $0.360
EPS Surprise -18.18%
Revenue estimate 275.462M
Revenue actual 262.708M
Revenue Surprise -4.63%
Q3 2024 Beat
$0.240 (118.18%)
Release date Nov 04, 2024
EPS estimate $0.110
EPS actual $0.240
EPS Surprise 118.18%
Revenue estimate 263.72M
Revenue actual 253.367M
Revenue Surprise -3.93%
Q2 2024 Beat
-$0.0300 (66.67%)
Release date Aug 05, 2024
EPS estimate -$0.0900
EPS actual -$0.0300
EPS Surprise 66.67%
Revenue estimate 231.05M
Revenue actual 235.253M
Revenue Surprise 1.82%

Last 4 Quarters for Freshpet

Below you can see how FRPT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Beat
Release date Aug 05, 2024
Fiscal end date Jun 30, 2024
Price on release $121.41
EPS estimate -$0.0900
EPS actual -$0.0300
EPS surprise 66.67%
Date Price
Jul 30, 2024 $118.52
Jul 31, 2024 $121.70
Aug 01, 2024 $123.61
Aug 02, 2024 $122.10
Aug 05, 2024 $121.41
Aug 06, 2024 $127.06
Aug 07, 2024 $128.26
Aug 08, 2024 $129.30
Aug 09, 2024 $128.12
4 days before 2.44%
4 days after 5.53%
On release day 4.65%
Change in period 8.10%
Q3 2024 Beat
Release date Nov 04, 2024
Fiscal end date Sep 30, 2024
Price on release $150.57
EPS estimate $0.110
EPS actual $0.240
EPS surprise 118.18%
Date Price
Oct 29, 2024 $134.08
Oct 30, 2024 $134.03
Oct 31, 2024 $132.54
Nov 01, 2024 $133.69
Nov 04, 2024 $150.57
Nov 05, 2024 $151.59
Nov 06, 2024 $155.26
Nov 07, 2024 $153.22
Nov 08, 2024 $156.45
4 days before 12.30%
4 days after 3.91%
On release day 0.677%
Change in period 16.68%
Q4 2024 Missed
Release date Feb 20, 2025
Fiscal end date Dec 31, 2024
Price on release $106.39
EPS estimate $0.440
EPS actual $0.360
EPS surprise -18.18%
Date Price
Feb 13, 2025 $131.29
Feb 14, 2025 $129.61
Feb 18, 2025 $131.99
Feb 19, 2025 $130.57
Feb 20, 2025 $106.39
Feb 21, 2025 $100.28
Feb 24, 2025 $107.58
Feb 25, 2025 $107.04
Feb 26, 2025 $106.88
4 days before -18.97%
4 days after 0.461%
On release day -5.74%
Change in period -18.59%
Q1 2025 (Upcoming)
Release date May 05, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate $0.130
EPS actual -
Date Price
Apr 16, 2025 $76.63
Apr 17, 2025 $77.57
Apr 21, 2025 $73.26
Apr 22, 2025 $72.34
Apr 23, 2025 $74.12

Freshpet Earnings Call Transcript Summary of Q4 2024

Financial Performance Overview

Fourth-quarter sales were $263 million, up 22% year-over-year.

Adjusted gross margin for the year was 46.5%, improving by 650 basis points from the previous year.

Operating cash flow was $154 million for the year, marking significant year-over-year growth.

Achieved positive net income for the first time, with $0.94 EPS.

Growth Drivers

  • Sales growth was primarily driven by volume, with significant gains in household penetration (approximately 2 million new households added).
  • 1,300 new store distributions added, enhancing retail presence.

Profitability and Operational Efficiency

  • Cost Management
    • Successfully maintained 99% fill rates while increasing volume sold by 27%.
    • Adjusted SG&A costs as a percentage of net sales decreased since 2020.
    • Achieved the company’s adjusted gross margin targets two years ahead of schedule.
  • Future Capacity and Expansion
    • New production lines have been successfully implemented, with more capacity expansion planned for the future to support projected growth.
    • Expect to reach up to $3 billion in sales capacity with existing facilities.

2025 Outlook

  • Sales Guidance
    • Projecting net sales between $1.18 billion to $1.21 billion for 2025, representing year-over-year growth of 21% to 24%.
    • Adjusted EBITDA is expected to be at least $210 million.
  • Margin Improvement
    • Anticipating modest adjusted gross margin improvement driven by operational advancements.
    • Short-term gross margin in Q1 2025 may see a negative impact of 150 basis points as inventory normalizes.

Strategic Focus

  • Target Market
    • Shifting focus to the Most Valuable Pet-parents (MVPs) who are key growth drivers, representing 69% of sales for 2024.
    • Continued commitment to build on existing growth trends, with aspirations to expand market share in the pet food category, which is projected at $54 billion.
  • Long-Term Strategy
    • Enhancing marketing and distribution strategies, with a clear path to meet a long-term net sales target of $1.8 billion by 2027.
    • Revisions to margin targets for 2027, now expecting 48% adjusted gross margin (previously 45%) and 22% adjusted EBITDA margin (previously 18%).

Conclusion

Freshpet reports strong financial health and operational success, with a clear strategy for future growth and profitability. Investors should note the emphasis on scaling operations, improving margins, and leveraging household penetration and customer loyalty for sustained success. The outlook remains optimistic with significant market opportunities in the evolving pet food landscape.

Freshpet Earnings History

Earnings Calendar

FAQ

When is the earnings report for FRPT?
Freshpet (FRPT) has scheduled its earnings report for May 05, 2025 before the markets open.

What is the FRPT price-to-earnings (P/E) ratio?
FRPT P/E ratio as of Apr 23, 2025 (TTM) is 75.94.

What is the FRPT EPS forecast?
The forecasted EPS (Earnings Per Share) for Freshpet (FRPT) for the first fiscal quarter 2025 is $0.130.

What are Freshpet's retained earnings?
On its balance sheet, Freshpet reported retained earnings of $262.71 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT FRESHPET
Freshpet
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey....
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