Freshpet reported second-quarter 2026 net sales of $305.6 million, up 15.5% year-over-year, and raised its full-year guidance. The company now expects net sales growth of 10% to 12%, up from a prior range of 8% to 11%, and adjusted EBITDA of $210 million to $220 million, compared to $205 million to $215 million previously. Adjusted gross margin improved to 48.6% from 46.9% a year ago, driven by higher sales leverage and lower input costs, partially offset by disposal-related quality costs from new technology commissioning. CEO William Cyr highlighted that Freshpet's results and the number of competitors trying to emulate it continue to prove that fresh is the future of pet food, with the company well positioned to capture a meaningful share of what it believes can become a $10 billion category over time. The company also raised its 2027 adjusted gross margin floor to at least 49% from at least 48%, while reiterating its 2027 adjusted EBITDA margin target of 20% to 22%.
Freshpet IncFreshpet raised 2026 sales and EBITDA guidance after strong Q2 results, with improved gross margin.
