Freshpet (NASDAQ:FRPT) Announces Quarterly Earnings Results

Posted by Brenda Bartman on Aug 5th, 2026

Freshpet (NASDAQ:FRPT – Get Free Report) announced its earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.17, FiscalAI reports. Freshpet had a net margin of 17.63% and a return on equity of 6.22%. The firm had revenue of $305.59 million for the quarter, compared to the consensus estimate of $292.33 million. During the same period in the prior year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis.

Here are the key takeaways from Freshpet’s conference call:

Second-quarter results exceeded expectations, with net sales up 15.5% year over year to $305.6 million, adjusted EBITDA up 18% to $52.2 million, and adjusted gross margin expanding 170 basis points to 48.6%.
Freshpet raised its 2026 outlook to 10%–12% net sales growth and $210 million–$220 million of adjusted EBITDA, while increasing its 2027 adjusted gross-margin floor to at least 49% and reiterating its 20%–22% adjusted EBITDA margin target.
Omni-channel momentum remains strong: digital orders increased 41% and represented 16.7% of sales, distribution points grew 13%, and the company plans to reach at least 700 rural lifestyle retail stores by year-end.
The new bag manufacturing technology is progressing, with three lines operating and an expected long-term gross-margin benefit of more than 100 basis points, alongside improved throughput, yields, quality, and product-innovation capabilities.
Management cited a volatile consumer environment, slowing sequential household-penetration growth, higher fuel and trucking costs, and a difficult third-quarter comparison; the low end of guidance assumes little to no sequential improvement in sales or penetration.

Freshpet Price Performance

FRPT stock traded up $8.01 during midday trading on Wednesday, hitting $70.39. 2,606,638 shares of the stock were exchanged, compared to its average volume of 1,498,491. The stock’s 50-day moving average price is $55.23 and its 200-day moving average price is $62.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 19.21 and a beta of 1.61. Freshpet has a fifty-two week low of $46.45 and a fifty-two week high of $86.00.

Freshpet News Summary

Here are the key news stories impacting Freshpet this week:

Positive Sentiment: Freshpet reported second-quarter revenue of $305.6 million, up approximately 15% year over year and above the $292.3 million analyst consensus. Earnings per share of $0.39 also exceeded expectations of $0.22, helped by volume growth, lower costs and stronger margins. Freshpet Reports Second Quarter 2026 Financial Results
Positive Sentiment: The company raised its 2026 net-sales and adjusted EBITDA outlook. Management now expects approximately $1.2 billion in annual revenue and increased its long-term adjusted gross-margin target to above 49%, signaling continued operating leverage. Freshpet Raises 2026 Outlook After Strong Q2 Results
Positive Sentiment: William Blair analyst Jon Andersen maintained a Buy rating, citing Freshpet’s niche leadership, potential for further margin expansion and improving cash flow. The endorsement supports the bullish investment case following the earnings beat. Freshpet Earns Buy Rating
Neutral Sentiment: The sharp advance also appears partly technical: reports identified a potential short squeeze as short sellers covered positions after the earnings beat and outlook increase. This can accelerate gains but may also increase near-term volatility. Freshpet Short Squeeze After Outlook Increase

Analyst Ratings Changes

FRPT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Freshpet from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. TD Cowen upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, April 8th. Wells Fargo & Company lowered their price objective on shares of Freshpet from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 price objective on shares of Freshpet in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Freshpet from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Check Out Our Latest Stock Analysis on Freshpet

Insider Buying and Selling at Freshpet

In other news, Director Craig D. Steeneck purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $47.83 per share, for a total transaction of $95,660.00. Following the completion of the transaction, the director directly owned 37,500 shares in the company, valued at $1,793,625. This represents a 5.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO William B. Cyr sold 42,495 shares of Freshpet stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $51.03, for a total value of $2,168,519.85. Following the transaction, the chief executive officer directly owned 224,459 shares of the company’s stock, valued at $11,454,142.77. This trade represents a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 4,211 shares of company stock worth $215,027 and sold 235,262 shares worth $11,664,591. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Freshpet

Several institutional investors and hedge funds have recently modified their holdings of FRPT. The Manufacturers Life Insurance Company lifted its stake in Freshpet by 2.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,966 shares of the company’s stock valued at $546,000 after buying an additional 230 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Freshpet during the third quarter worth $490,000. Maverick Capital Ltd. purchased a new position in Freshpet during the fourth quarter worth $461,000. Orion Porfolio Solutions LLC acquired a new position in shares of Freshpet in the second quarter worth $432,000. Finally, FORA Capital LLC lifted its position in shares of Freshpet by 6.0% in the third quarter. FORA Capital LLC now owns 7,353 shares of the company’s stock valued at $405,000 after acquiring an additional 417 shares in the last quarter.

Freshpet Company Profile

(Get Free Report)

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.

Earnings History for Freshpet (NASDAQ:FRPT)

Receive News & Ratings for Freshpet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshpet and related companies with MarketBeat.com's FREE daily email newsletter.