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Jun 30
Freshpet Q2 2025 Earnings Report
Freshpet returned to profitability and delivered double-digit sales growth in Q2 2025.
Key Takeaways
Freshpet posted strong Q2 2025 results, achieving profitability with $16.4 million in net income and growing revenue to $264.7 million. Operational efficiencies and reduced SG&A helped expand margins amid economic pressures.
Revenue grew to $264.7 million, driven by volume gains and favorable pricing.
Net income reached $16.4 million, reversing a net loss from the prior year.
Adjusted EBITDA rose to $44.4 million on stronger gross profit and SG&A control.
Gross margin and adjusted gross margin improved year-over-year.
Freshpet
Freshpet
Freshpet Revenue by Geographic Location
Revenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
Freshpet revised its full-year 2025 net sales growth outlook downward while maintaining EBITDA targets, reflecting a cautious view on macroeconomic trends.
Positive Outlook
- Adjusted EBITDA guidance of $190M–$210M was reaffirmed.
- Capital expenditures reduced from $225M to ~$175M.
- Gross margin performance exceeded prior year results.
- Strong advertising and distribution initiatives remain in place.
- Leadership confident in long-term category outperformance.
Challenges Ahead
- Net sales growth guidance lowered from 15–18% to 13–16%.
- Long-term 2027 $1.8B revenue target was removed.
- Macroeconomic conditions remain challenging for consumers.
- Volume gains partially offset by reduced leverage on plant expenses.
- Higher variable compensation reduced operating cash flow.