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Mar 31, 2022
Freshpet Q1 2022 Earnings Report
Delivered strongest quarterly growth since going public and announced enhanced capacity plan.
Key Takeaways
Freshpet reported a 41.5% increase in net sales, reaching $132.2 million, marking the strongest quarterly growth since its IPO. However, the company experienced a net loss of $17.5 million, and Adjusted EBITDA decreased to $5.1 million.
Net sales increased by 41.5% to $132.2 million.
Net loss was $17.5 million, compared to a net loss of $10.9 million in the prior year.
Adjusted EBITDA was $5.1 million, down from $7.8 million in the prior year.
The company introduced an enhanced long-term capacity expansion plan.
Freshpet
Freshpet
Forward Guidance
Freshpet reiterated its full year 2022 guidance, expecting net sales of >$575 million, an increase of ~35% from 2021, and Adjusted EBITDA of >$55 million, an increase of ~28% from 2021.
Positive Outlook
- Net sales of >$575 million, an increase of ~35% from 2021
- Adjusted EBITDA of >$55 million, an increase of ~28% from 2021