Freshpet raises FY24 revenue view to $975M from $965M

Consensus is for FY24 revenue $969.47M. Lowers FY24 Adjusted EBITDA view to at least $155M, compared to at least $140M in the previous guidance. Lowers FY24 Capital expenditures view to ~$180M, compared to ~$200M in the previous guidance. Billy Cyr, Freshpet’s (FRPT) CEO, commented, “We are raising our net sales and Adjusted EBITDA guidance for 2024 to reflect this continued strong performance and our confidence in our ability to finish the year strongly and, as a result, create significant shareholder value in a way that serves pets, people, and the planet.”