Freshpet removes FY27 $1.8B net sales target

The company said, “The Company is also updating its long-term guidance. For FY27, the Company is removing the $1.8B net sales target to adjust for the recent slower growth; however, the Company expects to continue to deliver growth significantly in excess of the dog food category. The Company is reiterating its Adjusted Gross Margin target of 48% and Adjusted EBITDA Margin target of 22% for FY27.”