secwatch.observer — SEC 8-K summary
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Issuer:     Freshpet, Inc. (FRPT)
CIK:        0001611647
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001437749-24-014706
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611647/000143774924014706/0001437749-24-014706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611647/000143774924014706/frpt20240229_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014706

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