Scott Morris
Scott Morris, co-founder and President of the Company, will retire effective as of October 20, 2026
Highest-materiality recent filing
Freshpet Q2 net sales up 15.5% to $305.6M; raises 2026 outlook, targets >49% adj. gross margin
Net sales $305.6M (+15.5% YoY); volume growth 15.7%, price/mix -0.2%.
Freshpet Q1 net sales +13% to $297.6M; net income $48.5M vs loss; raises FY guidance
Net sales $297.6M, up 13.1% YoY; volume gains 14.6% offset by unfavorable price/mix -1.5%.
Freshpet Q4 net sales $285M (+8.6% YoY); FY net income $139M vs $47M; positive free cash flow
Q4 net sales $285.2M (+8.6% YoY); FY net sales $1.102B (+13.0%), surpassing $1B milestone.
Freshpet appoints John O'Connor as CFO, Ana Lopez as SVP Supply Chain; reaffirms FY2025 outlook
John O'Connor named CFO effective Feb 9, 2026; previously SVP Global Commercial Finance at Zoetis.
Freshpet Q3 net sales +14% to $288.8M; adj. EBITDA rises to $54.6M; guides FY lower end
Net sales $288.8M (+14% YoY); volume +12.9%, price/mix +1.1%.
CFO Todd Cunfer resigns; VP Finance Ivan Garcia appointed interim CFO effective Oct 17, 2025
Todd Cunfer resigns as CFO effective Oct 17, 2025, to accept another position.
Freshpet Q2 net income $16.4M vs loss; cuts 2025 sales guidance to 13%-16% growth
Net sales $264.7M (+12.5% YoY); volume +10.8%, price/mix +1.7%.
Freshpet Q1 net sales +17.6% to $263.2M, net loss $12.7M vs prior year profit; adjusts 2025 outlook
Net sales $263.2M, up 17.6% YoY, driven by volume gains of 14.9% and price/mix of 2.7%.
Freshpet reports Q4 net sales up 22% to $262.7M; first full-year positive net income of $46.9M
Q4 net sales $262.7M (+22% YoY); FY net sales $975.2M (+27.2% YoY).
Freshpet Q3 2024 net sales up 26% to $253.4M, net income $11.9M, raises FY guidance
Net sales $253.4M (+26.3% YoY); net income $11.9M vs prior year net loss $7.2M.
Freshpet appoints Nicki Baty as COO; former Hill's Pet Nutrition US President
Effective Sept 1, 2024; Baty reports to CEO Billy Cyr; Scott Morris remains President and Co-Founder.
Freshpet Q2 sales up 28.3% to $235.3M, net loss narrows to $1.7M from $17M; raises 2024 guidance
Net sales $235.3M (+28.3% YoY), all volume-driven; gross margin 39.9% (up 760 bps).
Freshpet Q1 net sales +33.6% to $223.8M; net income $18.6M vs loss; raises Adj. EBITDA guidance
Net sales $223.8M (+33.6% YoY) driven by 30.6% volume growth; gross margin 39.4% vs 30.3%.
Q4 net sales $215.4M (+29.9% YoY); net income $15.3M vs net loss of $2.9M prior year.
Freshpet Q3 net sales $200.6M (+32.6%), loss narrows; raises FY adjusted EBITDA guidance to ~$62M
Net sales $200.6M, +32.6% YoY; net loss narrowed to $7.2M from $18.4M.
Freshpet appoints two new directors as part of cooperation with JANA Partners
Board expanded from 10 to 12; Timothy McLevish (ex-Kraft CFO) and Joseph Scalzo (ex-Simply Good Foods CEO) appointed.
Freshpet Q2 net sales up 25.6% to $183.3M; raises FY adjusted EBITDA guide to at least $55M
Net sales $183.3M (+25.6% YoY); net loss narrowed to $17.0M from $20.6M.
2023 Annual Meeting postponed to October 2023; board will have four Class III director seats up for election.
Freshpet appoints David Biegger to board; Charles Norris to retire as Chair at 2023 annual meeting
David B. Biegger appointed as independent director effective May 17, 2023; brings 40+ years CPG supply chain experience.
Freshpet Q1 net sales up 26.7% to $167.5M; Adjusted EBITDA turns positive at $3.0M
Net sales of $167.5M (+26.7% YoY) driven by velocity gains and pricing.
Freshpet closes $402.5M 3.00% convertible notes due 2028; capped call limits dilution to $120.23
Issued $402.5M aggregate principal of 3.00% convertible senior notes due April 1, 2028.
Freshpet prices $350M 3.00% convertible senior notes due 2028
Offering of $350 million aggregate principal amount of 3.00% convertible notes due April 1, 2028.
Freshpet announces $350M convertible notes offering, terminates credit facility
Proposed $350M convertible senior notes due 2028; option for additional $52.5M.
Freshpet Q4 net sales +43% to $165.8M; guides FY23 sales ~$750M, adj. EBITDA ≥$50M
Q4 net sales $165.8M (+43.1% YoY); net loss narrowed to $2.9M from $9.3M.
Freshpet names Todd Cunfer CFO; advances operational improvement plan for margin expansion
Todd Cunfer appointed CFO effective Dec 1, 2022; previously CFO of Simply Good Foods.
Freshpet Q3 net sales up 40.7% to $151.3M; net loss widens to $18.4M; cuts capex guidance
Net sales $151.3M (+40.7% YoY); net loss $18.4M vs $2.1M loss prior year.
Freshpet signs separation agreement with ex-CFO Pomerantz; salary continuation through Sep 2023
Heather Pomerantz stepped down as CFO effective Sep 7, 2022; separation agreement signed Oct 13, 2022.
Freshpet Q2 net loss widens to $20.6M; revises FY2022 Adj. EBITDA guidance >$48M
Net sales $146.0M (+34.4% YoY) but net loss widened to $20.6M from $7.5M.
Freshpet raises $338M in common stock offering for kitchen expansions
Issued 4,320,988 shares at net proceeds of ~$337.75M; underwriters can purchase additional 648,148 shares.
Freshpet Q1 net sales up 41.5% to $132.2M; adjusted EBITDA $5.1M; reiterates FY guidance
Net sales $132.2M (+41.5% YoY) driven by velocity, pricing, distribution gains.
Freshpet Q4 net sales +37.1% to $115.9M, net loss widens; FY22 guidance >$575M sales
Q4 net sales $115.9M (+37.1% YoY); net loss $9.3M vs $3.3M loss a year ago.
Freshpet cuts FY 2021 adjusted EBITDA guidance to ~$50M from >$61M; Q3 net loss $2.1M
Net sales $107.6M (+27.8% YoY), net loss $2.1M vs prior year net income $3.5M.
Scott Morris, co-founder and President of the Company, will retire effective as of October 20, 2026
Nicola Baty, the Company’s Chief Operating Officer since September 2024, will assume the additional role of President of the Company on the Separation Date.
Effective September 1, 2024, Freshpet, Inc. (the “Company”) appointed Nicki Baty, 45, as the Company’s Chief Operating Officer.
On April 8, 2024, Lawrence S. Coben, Ph.D., a member of the Board of Directors (the “Board”) of Freshpet, Inc. (the “Company”), informed the Board of his resignation from the Board.
On April 9, 2024, Lauri Kien Kotcher was elected to the Board in the vacancy created by Dr. Coben’s departure as a Class II director with a term expiring at the Company’s 2025 annual meeting of stockholders.
On April 1, 2024, Nishu Patel, who had been serving as Vice President, Corporate Controller of Freshpet, Inc. (the “Company”) since joining the Company in June 2023, was appointed the Company’s Chief Accounting Officer.
Effective August 21, 2023, Timothy McLevish and Joseph Scalzo have been appointed as members of the Board.
Effective August 21, 2023, Timothy McLevish and Joseph Scalzo have been appointed as members of the Board.
on July 21, 2023, the Company, upon the recommendation of the Nominating, Governance and Sustainability Committee of the Board, appointed David J. West to the Board, effective immediately upon Mr. Norris’ retirement.
the Board has appointed Walter N. George III to serve as Chair of the Board, effective immediately upon Mr. Norris’ retirement on July 21, 2023.
On July 20, 2023, however, Mr. Norris informed the Board of his intent to retire as of the earlier date of July 21, 2023.
On May 30, 2023, J. David Basto notified the Board of Directors (the “Board”) of Freshpet, Inc. (“Freshpet” or the “Company”) of his resignation from the Board, and all committees thereof, effective May 31, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings