secwatch.observer — SEC 8-K summary
======================================

Issuer:     Freshpet, Inc. (FRPT)
CIK:        0001611647
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001437749-22-019362
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freshpet Q2 net loss widens to $20.6M; revises FY2022 Adj. EBITDA guidance >$48M
--------------------------------------------------------------------------------

- Net sales $146.0M (+34.4% YoY) but net loss widened to $20.6M from $7.5M.
- Adjusted EBITDA fell to $3.9M (2.6% margin) from $10.9M (10.0% margin) due to inflation and quality issues.
- FY2022 guidance: net sales >$575M (~35% growth); Adj. EBITDA >$48M (~12% growth); capex ~$320M (reduced $80M).
- Adjusted gross margin declined to 42.4% from 46.1% on ingredient cost inflation and labor cost increases.
- New Freshpet Kitchen in Ennis, TX opening next month, adding capacity over $1B when fully operational.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611647/000143774922019362/0001437749-22-019362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611647/000143774922019362/frpt20220601_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019362

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