secwatch.observer — SEC 8-K summary
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Issuer:     Freshpet, Inc. (FRPT)
CIK:        0001611647
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001437749-22-004606
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freshpet Q4 net sales +37.1% to $115.9M, net loss widens; FY22 guidance >$575M sales
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611647/000143774922004606/0001437749-22-004606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611647/000143774922004606/frpt20211228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-004606

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer