Freshpet Q1 net sales up 41.5% to $132.2M; adjusted EBITDA $5.1M; reiterates FY guidance

Freshpet, Inc.

2022-Q1 EPS reported -$0.40 revenue$132,171,000

Net sales $132.2M (+41.5% YoY) driven by velocity, pricing, distribution gains.
Net loss widened to $17.5M from $10.9M; adjusted EBITDA $5.1M vs $7.8M.
Gross margin 33.9% (GAAP) and 41.9% adjusted, down on wage costs and inflation.
Announces enhanced capacity plan targeting ~$2.9B potential net sales capacity.
Reaffirms FY2022 guidance: net sales >$575M, adjusted EBITDA >$55M.

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