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Mar 31, 2021
Freshpet Q1 2021 Earnings Report
Reported financial results with net sales growth and increased Adjusted EBITDA.
Key Takeaways
Freshpet reported a strong first quarter with net sales increasing by 33.3% to $93.4 million and Adjusted EBITDA increasing by 35.3% to $7.8 million. The company surpassed 4 million Freshpet households and is on track to deliver its 2021 guidance.
Net sales increased by 33.3% to $93.4 million.
Net loss was $10.9 million, compared to a net loss of $3.6 million in the prior year.
Adjusted EBITDA increased by 35.3% to $7.8 million.
The company completed a public offering of common stock, providing net proceeds of $332.5 million.
Freshpet
Freshpet
Forward Guidance
For full year 2021, the Company reiterated its guidance and continues to expect net sales to exceed $430.0 million and Adjusted EBITDA to exceed $61.0 million.