Freshpet Reports Strong Q3 2026 Results with Raised Full-Year Guidance
Freshpet (FRPT) delivered a robust third quarter in 2026, reporting net sales of $317.8 million, a 10% year-over-year increase driven by volume growth across retail and unmeasured channels. The company saw significant margin expansion, with adjusted gross margins rising to 50% due to plant expense leverage and reduced quality costs. Adjusted EBITDA grew 18% to $64.5 million, reflecting improved profitability despite headwinds from increased logistics and fuel costs. Driven by strong performance in e-commerce—which grew 35%—and the rapid expansion of Homestyle Creations, management raised its full-year 2026 net sales guidance to a range of 12% to 13%. The company also updated its adjusted EBITDA and gross margin outlook upward. While logistics costs rose to 7.1% of net sales, productivity initiatives in manufacturing have allowed the company to reduce its capital expenditures guidance for the year.
Tickers: $FRPT
Topics: adjusted ebitda e-commerce growth gross margin net sales retail expansion