NASDAQ$FRPT

Freshpet Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Freshpet reported an increase in net sales and net income compared to the prior year period.

Freshpet, Inc. reported financial results for the fourth quarter and full year ended December 31, 2019. Net sales for the fourth quarter of 2019 were $65.8 million, an increase of 27.3%. Net income was $4.6 million, compared with prior year net income of $1.8 million, an increase of 163.7%. Adjusted EBITDA was $13.2 million, compared to $9.2 million, an increase of 43.1%.

  • Net sales increased by 27.3% to $65.8 million.
  • Net income increased by 163.7% to $4.6 million.
  • Adjusted EBITDA increased by 43.1% to $13.2 million.
  • Gross profit was $30.3 million, or 46.0% as a percentage of net sales.

Headline financials

Total Revenue

$65.8M

Previous: $51.6M+27.3%
EPS (adj)

$0.12

Previous: $0.05+140.0%
Gross Margin

46.0%

No prior period
Adjusted EBITDA

$13.2M

Previous: $9.2M+43.5%
Net Income

$4.6M

Previous: $1.76M+161.7%
Operating Income

$4.88M

Previous: $1.89M+157.9%
Gross Profit

$30.3M

Previous: $23.4M+29.4%
Cash & Equivalents

$9.47M

Previous: $7.55M+25.4%
Total Assets

$236M

Previous: $140M+68.7%
Stock-Based Comp

$2.13M

Previous: $2.64M-19.3%

Revenue & EPS history

Freshpet · Revenue · Quarterly

$65.8M

Q4 2019+27.3%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

For full year 2020, the Company is providing the following guidance: To exceed net sales of $310 million, an increase greater than 26% from 2019. To exceed Adjusted EBITDA of $48 million, an increase greater than 65% from 2019

Tailwinds

  • Net sales are expected to exceed $310 million, an increase greater than 26% from 2019.
  • Adjusted EBITDA is expected to exceed $48 million, an increase greater than 65% from 2019.

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 Q4 2019

Historical avgQ4 2019

+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%

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