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Dec 31, 2022
Freshpet Q4 2022 Earnings Report
Freshpet reported a strong finish to 2022 with record net sales growth and improved operational performance.
Key Takeaways
Freshpet reported a 43.1% increase in net sales to $165.8 million for the fourth quarter of 2022. The company's net loss decreased to $2.9 million compared to a net loss of $9.3 million in the prior year period. Adjusted EBITDA increased to $18.8 million, or 11.3% of net sales.
Net sales increased by 43.1% to $165.8 million.
Net loss decreased to $2.9 million from $9.3 million.
Gross profit was $45.7 million, or 27.6% of net sales.
Adjusted EBITDA was $18.8 million, or 11.3% of net sales.
Freshpet
Freshpet
Forward Guidance
For full year 2023, the Company is providing the following guidance: Net sales of ~$750 million, an increase of ~26% from 2022. Adjusted EBITDA of at least $50 million. Capital expenditures for 2023 of ~$240 million.
Positive Outlook
- Net sales of ~$750 million, an increase of ~26% from 2022.
- Adjusted EBITDA of at least $50 million.
- Capital expenditures for 2023 of ~$240 million.