{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012894","form_type":"8-K","ticker":"FRPT","cik":"0001611647","company_name":"Freshpet, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.663368+00:00","generated_at":"2026-06-15T13:26:18.275972+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Freshpet Q1 net sales up 26.7% to $167.5M; Adjusted EBITDA turns positive at $3.0M","bullets":["Net sales of $167.5M (+26.7% YoY) driven by velocity gains and pricing.","Net loss of $24.8M vs $17.5M loss a year ago; Adjusted EBITDA of $3.0M vs -$0.3M.","Adjusted Gross Profit margin 38.5% vs 38.3% YoY; SG&A as % of sales improved 280 bps.","Issued $402.5M of 3.0% convertible senior notes due 2028; used $66.2M for capped call.","Reaffirms FY2023 guidance: net sales ~$750M, Adjusted EBITDA at least $50M, capex ~$240M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012894","json":"https://secwatch.observer/filing/0001437749-23-012894.json","markdown":"https://secwatch.observer/filing/0001437749-23-012894.md","text":"https://secwatch.observer/filing/0001437749-23-012894.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1611647/000143774923012894/0001437749-23-012894-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1611647/000143774923012894/frpt20230403_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T13:26:18.275972+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fbe77a6acca8ae8685d559a79d8a330cd6004a1","claim":"Freshpet, Inc. reported for its first quarter ended March 31, 2023 results: revenue Net sales of $167.5 million, net income Net loss of $24.8 million. Guidance reaffirmed.","evidence_excerpt":"(Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2023 . First Quarter 2023 Financial Highlights Compared to Prior Year Period ● Net sales of $167.5 million, an increase of 26.7% ● Net loss of $24.8 million, compared with prior year net loss of $17.5 million ● Adjusted EBITDA of $3.0 million, compared to prior year of $(0.3) million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1611647/000143774923012894/0001437749-23-012894-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for its first quarter ended March 31, 2023"},{"label":"Revenue","value":"Net sales of $167.5 million"},{"label":"Net income","value":"Net loss of $24.8 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e6bb2ae4427e50ecb8584b229e0555cef3662217","claim":"Freshpet, Inc. reported For full year 2023 results: revenue Net sales of ~$750 million. Guidance reaffirmed.","evidence_excerpt":"For full year 2023, the Company reiterates its full year underlying guidance on Net Sales and Adjusted EBITDA. The Company expects the following results: ● Net sales of ~$750 million, an increase of ~26% from 2022. ● Adjusted EBITDA of at least $50 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1611647/000143774923012894/0001437749-23-012894-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"For full year 2023"},{"label":"Revenue","value":"Net sales of ~$750 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}