The earnings call reflects a mixed sentiment. While operational improvements, digital sales growth, and reduced capital expenditure are positive indicators, they are offset by challenges in the dog food category, lowered sales guidance, and the removal of long-term sales targets, indicating caution amid economic uncertainties.

Company Guidance -

Q3 2025

During the Freshpet Second Quarter 2025 Earnings Call, the management provided guidance for the fiscal year 2025, projecting net sales growth of 13% to 16% and maintaining an adjusted EBITDA range of $190 million to $210 million. They plan to lower capital expenditures for 2025 and 2026 by a total of at least $100 million, attributing this to operational improvements and new technologies. Freshpet aims to be free cash flow positive in 2026. The company expects to achieve a 48% adjusted gross margin and a 22% adjusted EBITDA margin by 2027, assuming sales volume growth remains at least in the teens annually. Despite a challenging economic environment, Freshpet is focusing on marketing, distribution expansion, and value-focused products to drive growth and maintain financial targets.

Strong Operational Performance

Ennis has become the most profitable plant sooner than planned, and operational improvements have led to a healthy improvement in adjusted gross margin, reaching 46.9% compared to 45.9% in the prior year.

Capital Expenditure Reduction

Freshpet is lowering CapEx estimates for 2025 and 2026 by a total of at least $100 million due to operational efficiencies and new production technologies.

Expansion in Digital Sales

Digital orders, previously referred to as e-commerce, grew by 40% in the second quarter and now account for 13% of sales.

Adjusted EBITDA Growth

Adjusted EBITDA in the second quarter was $44.4 million, up approximately $9 million or 26% year-over-year.

Freshpet (FRPT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FRPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.45 / -	0.24	―	―	―
Aug 04, 2025	2025 (Q2)	0.10 / 0.33	-0.03	1200.00% (+0.36)
May 05, 2025	2025 (Q1)	0.10 / -0.26	0.37	-170.27% (-0.63)
Feb 20, 2025	2024 (Q4)	0.41 / 0.36	0.31	16.13% (+0.05)
Nov 04, 2024	2024 (Q3)	0.15 / 0.24	-0.15	260.00% (+0.39)
Aug 05, 2024	2024 (Q2)	-0.04 / -0.03	-0.35	91.43% (+0.32)
May 06, 2024	2024 (Q1)	-0.23 / 0.37	-0.52	171.15% (+0.89)
Feb 26, 2024	2023 (Q4)	0.07 / 0.31	-0.06	616.67% (+0.37)
Nov 06, 2023	2023 (Q3)	-0.16 / -0.15	-0.39	61.54% (+0.24)
Aug 07, 2023	2023 (Q2)	-0.41 / -0.35	-0.45	22.22% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FRPT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$65.85	$69.99	+6.29%
May 05, 2025	$76.36	$79.09	+3.58%
Feb 20, 2025	$130.57	$106.39	-18.52%
Nov 04, 2024	$133.69	$150.57	+12.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.