Freshpet reports Q4 EPS 36c, consensus 69c

Reports Q4 revenue $262.7M, consensus $263.97M. “FY24 was a breakout year for Freshpet (FRPT). We continued to deliver the exceptional net sales growth investors have come to expect from Freshpet but also delivered very strong profit improvements – and even exceeded some of the FY27 targets we set two years ago. We also delivered full-year positive net income for the first time. The strength of this sustained performance, coupled with our operating cash flow improvements, gives us confidence we will be free cash flow positive in 2026 and able to self-fund our growth going forward,” commented CEO Billy Cyr. “This strong performance also enables us to raise our long-term profit margin targets today to reflect the additional scale benefits we believe we can deliver as we transform the pet food category and nourish pets, people, and the planet. We remain focused on delivering disciplined, consistent growth, and outsized profitability improvements, that we believe will drive shareholder value going forward.”