earnings
confidence high
sentiment negative
materiality 0.75
Freshpet cuts FY 2021 adjusted EBITDA guidance to ~$50M from >$61M; Q3 net loss $2.1M
Freshpet, Inc.
2021-Q3 EPS reported
-$0.48
revenue$309,620,000
- Net sales $107.6M (+27.8% YoY), net loss $2.1M vs prior year net income $3.5M.
- Adjusted EBITDA Q3 $14.6M (13.6% of sales) vs $17.0M (20.2%) prior year.
- Full-year 2021 guidance: net sales ~$445M (flat from >$445M); adjusted EBITDA ~$50M (cut from >$61M).
- Supply chain challenges, labor/material shortages, and accelerating inflation cited as headwinds.
- Cash and cash equivalents $170.8M, no debt outstanding.