Freshpet optimistic about achieving 2027 goals, despite economic uncertainties; initiatives involve expanding production capacity, introducing innovative products such as successful large dog offering, capitalizing on market trends to reinforce standing

Sample article from our Consumer packaged goods (CPG)

LOS ANGELES , November 15, 2023 (press release) –

In its third quarter earnings call on November 6, 2023, Freshpet expressed confidence in achieving its 2027 goals, outlining a trajectory of 25% annual top-line growth, $1.8 billion in net sales, and an 18% adjusted EBITDA margin. The third quarter's performance surpassed expectations, featuring a robust 33% net sales growth and improved profitability. The company is committed to addressing operational issues, particularly those affecting margins, while sustaining net sales growth. Operational improvements in quality, logistics, and input costs have resulted in a 40.2% adjusted gross margin. Positive sales and growth trends, including strong resilience to higher pricing and consistent volume growth, are noted. Additional highlights include record fridge placements, e-commerce channel growth, and successful product launches. The company is actively expanding capacity, adding staff and enhancing production capabilities. Amid economic uncertainties, the company observes a growing demand for high-quality pet foods and notes a trend of becoming more mainstream and main meal. The outlook remains bullish for both the current year and the company's long-term prospects, emphasizing Freshpet's potential to become a prominent brand in a growing market.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Consumer packaged goods (CPG) Coverage
See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order consumer packaged goods (cpg) coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.