Freshpet Inc. (NASDAQ: FRPT) reported fourth-quarter results that exceeded earnings expectations but narrowly missed revenue forecasts, sending shares up more than 4% intra-day Monday.
The pet food company posted adjusted earnings per share of $0.64, outperforming the consensus estimate of $0.41 by $0.23.
Revenue totaled $285.2 million, slightly below the $285.7 million estimate but representing an 8.6% increase from $262.7 million in the prior-year period. Growth was driven by a 9.7% increase in volume, partially offset by an unfavorable price/mix impact of 1.1%.
For fiscal 2026, Freshpet projected net sales growth of 7% to 10%, equating to revenue between $1.179 billion and $1.212 billion. The midpoint of $1.196 billion reflects approximately 8.5% growth. The company expects adjusted EBITDA in the range of $205 million to $215 million, with a midpoint of $210 million compared to $195.7 million in 2025.
For full-year 2025, net sales rose 13% to $1.102 billion. Adjusted EBITDA increased to $195.7 million from $161.8 million the previous year. The company generated positive free cash flow of $12.4 million, compared with negative $32.8 million in 2024.
