Freshpet Q3 net sales $200.6M (+32.6%), loss narrows; raises FY adjusted EBITDA guidance to ~$62M

Freshpet, Inc.

2023-Q3 EPS reported -$1.02 revenue$551,474,000

Net sales $200.6M, +32.6% YoY; net loss narrowed to $7.2M from $18.4M.
Adjusted EBITDA $23.2M vs $3.5M; gross margin improved to 33.0% (40.2% adjusted).
Raises FY2023 net sales guidance to ~$755M (from ~$750M) and adjusted EBITDA to ~$62M (from at least $55M).
Cash from operations $39.0M for first nine months, up $92.6M YoY.
Capital expenditure guidance unchanged at ~$240M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Freshpet, Inc. reported the first nine months of 2023 results: revenue $551.5 million, net income Net loss of $48.9 million.

Period: the first nine months of 2023
Revenue: $551.5 million
Net income: Net loss of $48.9 million
Result: reported results

Exact text from the filing

Net sales increased 28.4% to $551.5 million for the first nine months of 2023 compared to $429.5 million for the first nine months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Freshpet, Inc. reported the quarter ended September 30, 2023 results: revenue $200.6 million, net income Net loss of $7.2 million. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $200.6 million
Net income: Net loss of $7.2 million
Guidance: raised
Result: reported results

Exact text from the filing

FRPT) today reported financial results for its third quarter ended September 30, 2023 . Third Quarter 2023 Financial Highlights Compared to Prior Year Period ● Net sales of $200.6 million, an increase of 32.6%. ● Net loss of $7.2 million, compared with prior year net loss of $18.4 million. ● Adjusted EBITDA of $23.2 million, compared to prior year of $3.5 million.

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Freshpet, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030279

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