Freshpet Inc. (NASDAQ:FRPT) shares fell nearly 3% in pre-market trading Monday after the pet food company reported fourth-quarter results that topped profit expectations but came in marginally below revenue forecasts.
The company posted adjusted earnings per share of $0.64 for the quarter, exceeding analyst estimates of $0.41 by $0.23.
Quarterly revenue totaled $285.2 million, narrowly missing the consensus estimate of $285.7 million, although it marked an 8.6% increase from $262.7 million recorded in the same period last year. Sales growth was primarily supported by a 9.7% increase in volumes, partly offset by an unfavorable price and product mix impact of 1.1%.
Looking ahead to fiscal 2026, Freshpet projected net sales growth of between 7% and 10%, implying revenue in the range of $1.179 billion to $1.212 billion.
The midpoint of $1.196 billion represents roughly 8.5% growth. The company also guided for adjusted EBITDA of $205 million to $215 million, with a midpoint of $210 million compared with $195.7 million reported in 2025.
“Fiscal year 2025 taught us some very important lessons and challenged the resilience of our business and our organization,” said Chief Executive Officer Billy Cyr. “In the end, our team demonstrated tremendous agility—delivering growth well in excess of the dog food category, surpassing $1 billion in net sales for the first time, expanding margins and achieving positive free cash flow.”
For the full year 2025, net sales rose 13% to $1.102 billion, while adjusted EBITDA increased to $195.7 million from $161.8 million the previous year. Freshpet also generated positive free cash flow of $12.4 million, compared with negative free cash flow of $32.8 million in 2024.