Freshpet
🇺🇸 NASDAQ:FRPT
•
Dec 31, 2024
Freshpet Q4 2024 Earnings Report
Freshpet reported strong growth in revenue and profitability for Q4 2024, driven by increased volume and improved gross margin.
Key Takeaways
Freshpet delivered solid financial performance in Q4 2024 with a 22% increase in net sales and a significant rise in net income. The company's profitability improved due to lower input costs and enhanced operational efficiency.
Net sales increased by 22.0% to $262.7 million.
Net income rose to $18.1 million from $15.3 million in the prior year.
Gross margin improved to 42.5%, up from 34.6%.
Adjusted EBITDA surged to $52.6 million, a notable increase from $31.3 million.
Freshpet Revenue
Freshpet EPS
Freshpet Revenue by Segment
Freshpet Revenue by Geographic Location
Forward Guidance
Freshpet expects strong growth in 2025, forecasting net sales of $1.18B to $1.21B and Adjusted EBITDA of at least $210M.
Positive Outlook
- Projected revenue growth of 21% to 24% in 2025.
- Increased Adjusted EBITDA target of at least $210 million.
- Long-term margin improvement plans in place.
- Positive cash flow expectations by 2026.
- Continued market expansion and operational efficiencies.
Challenges Ahead
- High capital expenditure of approximately $250 million.
- Uncertainty around input costs and supply chain risks.
- Competitive pressures in the pet food market.
- Potential increase in marketing and operational costs.
- Macroeconomic factors could impact consumer spending.