Freshpet Q2 revenue tops estimates; raises 2026 outlook

Freshpet

05/08/2026 11:44

Overview
U.S. fresh pet food maker's Q2 revenue grew 15.5%, beating analyst expectations
Adjusted EBITDA for Q2 rose to $52.2 mln from $44.4 mln last year
Company raised 2026 net sales and adjusted EBITDA outlook

Outlook
Freshpet raises 2026 net sales growth outlook to 10%-12% from 8%-11%
Company lifts 2026 adjusted EBITDA forecast to $210 mln-$220 mln from $205 mln-$215 mln
Freshpet targets 2027 adjusted gross margin of at least 49%, up from at least 48%

Result Drivers
VOLUME GAINS - Co said Q2 net sales increase was primarily driven by 15.7% volume growth
LOWER INPUT COSTS - Gross margin improvement attributed to lower input costs and improved leverage on plant expenses
EQUITY INVESTMENT GAIN - Net income benefited from a gain on equity investment following sale of non-controlling interest

Company press release: ID:nGNX1FjmTd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$305.60 mln
$292.16 mln (15 Analysts)
Q2 EPS
 
$0.39
 
Q2 Net Income
 
$19.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Freshpet, Inc. is $80.00, about 28.2% above its August 4 closing price of $62.38
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 43 three months ago

Reuters Recommended Reads
Aug 4 - MGAs fuel rapid, profitable growth in US pet insurance: AM Best
Aug 5 - Singapore's Asia Vets Holdings half-year revenue rises, pretax loss narrows
Aug 4 - Ingredion Inc beats Q2 sales estimates, reaffirms 2026 guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)