NASDAQ$FRPT
Freshpet Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Freshpet reported strong top-line and bottom-line growth, exceeding the pace needed to deliver its 2027 goals.
Freshpet reported a 32.6% increase in net sales to $200.6 million for the third quarter of 2023. The company's net loss decreased to $7.2 million, and Adjusted EBITDA increased significantly to $23.2 million. As a result of the strong third quarter performance, the company is raising its 2023 guidance.
- Net sales increased by 32.6% to $200.6 million.
- Net loss decreased from $18.4 million to $7.2 million.
- Adjusted EBITDA increased to $23.2 million from $3.5 million.
- Gross profit was $66.3 million, or 33.0% of net sales, compared to $44.5 million, or 29.4% of net sales in the prior year period.
Headline financials
Revenue & EPS history
Freshpet · Revenue · Quarterly
$201M
Forward guidance
For full year 2023, the Company updates its full year Adjusted EBITDA and Net Sales guidance and reiterates its capital expenditure guidance as follows:
Tailwinds
- Net sales of ~$755 million, an increase of ~27% from 2022, from previous guidance of ~$750 million.
- Adjusted EBITDA of ~$62 million, from previous guidance of at least $55 million.
- Capital expenditures of ~$240 million, unchanged from previous guidance.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
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