earnings
confidence high
sentiment negative
materiality 0.75
Freshpet Q4 net sales +37.1% to $115.9M, net loss widens; FY22 guidance >$575M sales
Freshpet, Inc.
2021-FY EPS reported
-$0.69
revenue$425,489,000
- Q4 net sales $115.9M (+37.1% YoY); net loss $9.3M vs $3.3M loss a year ago.
- FY21 net sales $425.5M (+33.5%); net loss $29.7M vs $3.2M loss; adjusted EBITDA $43.0M (10.1% margin) vs $46.9M (14.7%).
- FY22 guidance: net sales >$575M (~35% growth), adj EBITDA >$55M (~28% growth); expects $13-$17M in unabsorbed capacity costs.
- Gross profit margin pressured by wage increases, ingredient inflation, and Freshpet Kitchens South ramp-up costs.
- Ended Dec 31, 2021 with $72.8M cash and no debt outstanding.