---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025362"
form_type: "8-K"
ticker: "FRPT"
cik: "0001611647"
company_name: "Freshpet, Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T18:29:48.019910+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Freshpet Q3 net sales up 40.7% to $151.3M; net loss widens to $18.4M; cuts capex guidance

## Summary
- Net sales $151.3M (+40.7% YoY); net loss $18.4M vs $2.1M loss prior year.
- Adjusted EBITDA $3.5M vs $13.5M prior year; Adjusted Gross Margin 34.5% vs 43.5%.
- Reiterates FY2022 guidance: net sales >$575M, adj. EBITDA >$15M (methodology change excludes plant start-up/launch expenses).
- Reduces 2022 capex to ~$290M (down $30M) and 2023 capex to ~$230M (down $70M).
- CEO cites 'strong, on-plan quarter' and executing operational improvement plan for margin expansion.

## SEC filing metadata
- accession: 0001437749-22-025362
- form_type: 8-K
- ticker: FRPT
- cik: 0001611647
- company_name: Freshpet, Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611647/000143774922025362/0001437749-22-025362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611647/000143774922025362/frpt20220906_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025362
- JSON: https://secwatch.observer/filing/0001437749-22-025362.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025362.txt

## Key facts
- Earnings Releases
  Freshpet, Inc. reported its third quarter ended September 30, 2022 results: revenue $151.3 million, net income Net loss of $18.4 million. Guidance reaffirmed.
  - Period: its third quarter ended September 30, 2022
  - Revenue: $151.3 million
  - Net income: Net loss of $18.4 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Freshpet, Inc. Reports Third Quarter 2022 Financial Results Continued Strong Topline Growth Freshpet Advances Operational Improvement Plan to Drive Margin Expansion Reduces 2022/2023 Capital Spending Guidance by $100 million Reiterates Full Year Underlying Guidance and Updates Go-Forward Adjusted EBITDA Guidance Methodology SECAUCUS, N.J. – November 1, 2022 – Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its third quarter ended September 30, 2022 . Third Quarter 2022 Financial Highlights Compared to Prior Year Period ● Net sales of $151.3 million, an increase of 40.7% ● Net loss of $18.4 million, compared with prior year net loss of $2.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611647/000143774922025362/0001437749-22-025362-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.