Freshpet Q2 net income $16.4M vs loss; cuts 2025 sales guidance to 13%-16% growth

Freshpet, Inc.

2025-Q2 EPS reported $0.07 revenue$527,938,000

Net sales $264.7M (+12.5% YoY); volume +10.8%, price/mix +1.7%.
Adjusted EBITDA $44.4M vs $35.1M; net income $16.4M vs net loss $1.7M.
FY 2025 sales growth guidance cut to 13%-16% from 15%-18%; capex reduced to ~$175M from ~$225M.
Adjusted EBITDA guidance unchanged at $190M-$210M; 2027 $1.8B net sales target removed.
CEO cites challenging consumer backdrop; reiterates 2027 targets of 48% adj. gross margin and 22% adj. EBITDA margin.

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