---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014706"
form_type: "8-K"
ticker: "FRPT"
cik: "0001611647"
company_name: "Freshpet, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:06:33.447173+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Freshpet Q1 net sales +33.6% to $223.8M; net income $18.6M vs loss; raises Adj. EBITDA guidance

## Summary
- Net sales $223.8M (+33.6% YoY) driven by 30.6% volume growth; gross margin 39.4% vs 30.3%.
- Net income $18.6M vs prior-year loss of $24.8M; Adj. EBITDA $30.6M vs $3.0M.
- 2024 Adj. EBITDA guidance raised to at least $120M from $100-110M; sales outlook unchanged at $950M+.
- Adj. Gross Margin 45.3% vs 38.5% on lower input costs, quality and logistics improvements.
- SG&A as % of sales improved 750 bps to 35.6%; cash from operations $5.4M, up $19.1M YoY.

## SEC filing metadata
- accession: 0001437749-24-014706
- form_type: 8-K
- ticker: FRPT
- cik: 0001611647
- company_name: Freshpet, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611647/000143774924014706/0001437749-24-014706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611647/000143774924014706/frpt20240229_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014706
- JSON: https://secwatch.observer/filing/0001437749-24-014706.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014706.txt

## Key facts
- Earnings Releases
  Freshpet, Inc. reported the quarter ended March 31, 2024 results: revenue $223.8 million, net income $18.6 million. Guidance raised.
  - Period: the quarter ended March 31, 2024
  - Revenue: $223.8 million
  - Net income: $18.6 million
  - Guidance: raised
  - Result: reported results
  source text: (Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2024 . First Quarter 2024 Financial Highlights Compared to Prior Year Period ● Net sales of $223.8 million, an increase of 33.6%. ● Gross margin of 39.4%, compared to the prior year period of 30.3%. ● Adjusted Gross Margin of 45.3%, compared to the prior year period of 38.5%. ● Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611647/000143774924014706/0001437749-24-014706-index.htm

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