NASDAQ$FRPT

Freshpet Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results with net sales growth and increased Adjusted EBITDA.

Freshpet reported a strong first quarter with net sales increasing by 33.3% to $93.4 million and Adjusted EBITDA increasing by 35.3% to $7.8 million. The company surpassed 4 million Freshpet households and is on track to deliver its 2021 guidance.

  • Net sales increased by 33.3% to $93.4 million.
  • Net loss was $10.9 million, compared to a net loss of $3.6 million in the prior year.
  • Adjusted EBITDA increased by 35.3% to $7.8 million.
  • The company completed a public offering of common stock, providing net proceeds of $332.5 million.

Headline financials

Total Revenue

$93.4M

Previous: $70.1M+33.3%
EPS (adj)

-$0.26

Previous: -$0.07-271.4%
Adjusted EBITDA

$7.8M

Previous: $5.7M+36.8%
Free Cash Flow

-$10.9M

Previous: -$3.59M-203.3%
Net Income

-$10.9M

Previous: -$3.59M-203.3%
Operating Income

-$9.72M

Previous: -$2.89M-236.7%
Gross Profit

$36.3M

Previous: $31.8M+14.2%
Cash & Equivalents

$341M

Previous: $149M+128.1%
Total Assets

$774M

Previous: $432M+79.2%
Stock-Based Comp

$6.08M

Previous: $2.18M+179.2%

Revenue & EPS history

Freshpet · Revenue · Quarterly

$93.4M

Q1 2021+33.3%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

For full year 2021, the Company reiterated its guidance and continues to expect net sales to exceed $430.0 million and Adjusted EBITDA to exceed $61.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+3.6%

Avg return

30 days after

67%

37 / 55 earnings

Positive

+22.0%

Q2 2016

Best reaction

-28.7%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.7%-17.6%-17.4%
Q4 2025+5.5%+13.3%-19.3%
Q3 2025+11.3%+12.3%+26.4%
Q1 2025+3.7%+5.4%+7.0%
Q4 2024-18.5%-18.0%-33.6%
Q3 2024+13.4%+17.0%+17.0%
Q2 2024+4.1%+4.9%+13.8%
Q1 2024+10.1%+9.6%+20.0%
Q4 2023+17.7%+20.4%+25.8%
Q3 2023+16.5%+15.1%+24.4%
Q2 2023+8.5%+7.9%+1.3%
Q1 2023-1.5%-0.6%-5.8%
Q4 2022+1.8%+2.7%+6.1%
Q3 2022+7.1%+14.1%+10.2%
Q2 2022-12.2%-12.4%-28.4%
Q1 2022-11.2%-30.7%-27.7%
Q4 2021+17.4%+5.1%+12.2%
Q3 2021-16.8%-17.6%-28.3%
Q2 2021-3.9%-6.8%-11.2%
Q1 2021-5.1%-4.5%-6.1%
Q4 2020-9.8%-3.3%-10.4%
Q3 2020+9.5%+18.1%+17.0%
Q2 2020+9.1%+6.4%+18.8%
Q1 2020+5.8%+1.1%+5.8%
Q4 2019-9.0%-9.8%-13.9%
Q3 2019-0.5%+7.0%+6.0%
Q2 2019-17.8%-11.1%+8.9%
Q1 2019-0.4%+2.5%+2.1%
Q4 2018+4.1%+6.2%+12.1%
Q3 2018-4.7%+0.4%-11.7%
Q2 2018+6.8%+14.5%+28.2%
Q1 2018-3.5%+5.3%+19.4%
Q4 2017-8.6%-10.6%-20.0%
Q3 2017+7.6%+10.5%+20.3%
Q2 2017+1.8%-5.8%-0.9%
Q1 2017+12.2%+19.0%+33.8%
Q4 2016+15.8%+18.4%+16.3%
Q3 2016+2.9%-4.7%+5.3%
Q2 2016+22.0%+26.1%+17.7%
Q1 2016+4.7%
Q4 2015+9.9%
Q3 2015-28.7%
Q2 2015-13.5%
Q1 2014+0.7%
Q4 2012+1.2%
Q4 2014+1.2%
Q3 2012+1.2%
Q2 2014+1.2%
Q2 2013+1.2%
Q2 2012+1.2%
Q1 2013+1.2%
Q1 2012+1.2%
Q3 2013+3.1%
Q3 2014+3.1%
Q4 2013+3.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro