Loading...
•
Dec 31, 2019
Freshpet Q4 2019 Earnings Report
Freshpet reported an increase in net sales and net income compared to the prior year period.
Key Takeaways
Freshpet, Inc. reported financial results for the fourth quarter and full year ended December 31, 2019. Net sales for the fourth quarter of 2019 were $65.8 million, an increase of 27.3%. Net income was $4.6 million, compared with prior year net income of $1.8 million, an increase of 163.7%. Adjusted EBITDA was $13.2 million, compared to $9.2 million, an increase of 43.1%.
Net sales increased by 27.3% to $65.8 million.
Net income increased by 163.7% to $4.6 million.
Adjusted EBITDA increased by 43.1% to $13.2 million.
Gross profit was $30.3 million, or 46.0% as a percentage of net sales.
Freshpet
Freshpet
Forward Guidance
For full year 2020, the Company is providing the following guidance: To exceed net sales of $310 million, an increase greater than 26% from 2019. To exceed Adjusted EBITDA of $48 million, an increase greater than 65% from 2019
Positive Outlook
- Net sales are expected to exceed $310 million, an increase greater than 26% from 2019.
- Adjusted EBITDA is expected to exceed $48 million, an increase greater than 65% from 2019.