FRESHPET $FRPT Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $317.8M (Est. $312M) 🟢; +10% YoY
🔹 EPS: $0.58 (Est. $0.42) 🟢
🔹 Adjusted EBITDA: $64.5M (Est. $58.2M) 🟢
🔹 Gross Margin: 44.5% (Est. 43.9%) 🟢; +500 bps YoY
Raises FY26 Guide:
🔹 Net Sales Growth: +12% to +13% (Est. +11.4%) 🟢
🔹 Adjusted EBITDA: $215M-$220M (Est. $214M) 🟢
🔹 Capital Expenditures: $125M-$150M; from ~$150M
🔹 Free Cash Flow: Positive
Other Q3 Metrics:
🔹 Adjusted Gross Margin: 50.0%; +400 bps YoY
🔹 Net Income: $29.7M
🔹 Free Cash Flow: $65.3M
FY27 Guide:
🔹 Net Sales: Well in excess of category growth rate
🔹 Adjusted Gross Margin: At least 49%
🔹 Adjusted EBITDA Margin: 20% to 22%
Comments:
🔸 “we delivered double-digit net sales growth, expanded margins and achieved our strongest Adjusted Gross Margin in more than seven years, while continuing to grow market share.”
🔸 “We are executing well against the priorities within our control and strengthening the competitive advantages that differentiate Freshpet”
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