Freshpet

Freshpet, Inc. is engaged in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. The firm foods are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature's Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Secaucus, NJ.

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Freshpet exceeds expectations with strong Q4 performance and growth outlook

Freshpet's strong performance in Q4 2022 and strategic initiatives position the company for continued growth.
Challenges like potential headwinds and advertising productivity are being addressed with innovative solutions.
Opportunities in working capital improvement, technological enhancements, and market expansion offer promising prospects.
Overall, Freshpet's focus on quality, innovation, and growth strategies bode well for its future success.

Freshpet reports robust Q1 performance, faces challenges in user acquisition

Freshpet's Q1 2023 performance showcased strong net sales growth and improved customer support, with robust cash reserves and positive guidance for the year.
Challenges include the need to accelerate new user acquisition and address pricing dynamics impacting growth rates.
Opportunities lie in logistics savings, targeting HIPPOs for growth, and expanding fridge placements for increased market penetration.

Freshpet reports robust Q2 growth, eyes 25% volume increase in 2024

Freshpet's Q2 2023 Earnings Call highlighted strong financial performance, strategic achievements, and growth prospects. The company remains optimistic about future revenue growth, despite facing some challenges in production ramp-up and timing of volume acceleration.

Freshpet excels in Q3, eyes growth through innovation and expansion

Freshpet delivered a strong performance in Q3 2023, exceeding expectations with robust net sales growth and adjusted gross margin.
While facing challenges such as pricing strategies and demand-supply balance, the company is strategically positioned for continued growth and market expansion.
With a focus on innovation, capacity expansion, and leveraging media spend, Freshpet aims to drive sustained growth and enhance its competitive position in the market.

Freshpet exceeds Q4 expectations, eyes retail expansion and margin growth

Freshpet's Q4 performance reflects strong growth, improved margins, and strategic retail expansion plans.
The company's strengths lie in its market dominance, diverse product performance, and focus on profitability.
Challenges include managing growth effectively, addressing out-of-stock issues, and ensuring sustained efficiency benefits.
Opportunities exist in expanding fridge placements, enhancing customer education, and driving long-term growth through increased penetration.

Freshpet excels in Q1 2024, eyes e-commerce growth opportunities

Freshpet's Q1 2024 performance reflects strong growth and operational success, with a focus on achieving financial goals, improving efficiency, and driving profitability.
The company's strengths in margin expansion, e-commerce growth, and advertising efficiency present opportunities for future expansion and market penetration.
Challenges in capacity management, balancing growth with profitability, and addressing operational concerns require strategic focus to sustain Freshpet's growth trajectory.

Freshpet reports robust Q2 results, eyes growth in e-commerce

Freshpet's Q2 performance reflects strong sales growth, improved margins, and strategic initiatives to support future expansion.
The company's strengths lie in its commitment to financial discipline, successful marketing, and operational efficiency enhancements.
While facing challenges in channel growth and marketing optimization, Freshpet has opportunities in expanding sales channels and enhancing customer satisfaction.

Freshpet excels in Q3, raises guidance amid growth strategies

Freshpet's Q3 2024 performance reflects robust growth, operational excellence, and strategic foresight under a disciplined growth strategy.
The company's financial results exceeded expectations, with strong net sales growth, improved margins, and increased operating cash flow.
While facing challenges in margin sustainability and expansion, Freshpet remains well-positioned to capitalize on opportunities in market expansion, direct-to-consumer trends, and strategic growth initiatives.

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Freshpet, Inc. engages in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are blends of fresh meats, vegetables and fruits farmed locally and made at Freshpet kitchens. Its products include Deli Fresh Grain Free Chicken Recipe for Dogs, Joy Turkey and Apple Bites Treats, Nature's Fresh Grain Free Chicken Recipe for Cats, and Vital Grain Free Chicken and Ocean Whitefish Recipe for Cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Bedminster, NJ.

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Offers to interview JANA's independent director candidates in light of recent director departure Highlights extensive engagement with JANA and previous Board actions to promote the best interest of shareholders SECAUCUS, N.J., June 02, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) announced today that it has filed its preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its upcoming Annual Meeting of Stockholders.

Freshpet Files Preliminary Proxy Statement

NEW YORK--(BUSINESS WIRE)--JANA Partners (“JANA”), which along with its affiliates and partners owns 9.5% of Freshpet, Inc. (NASDAQ:FRPT) (“Freshpet” or the “Company”), today filed a complaint in the Court of Chancery of the State of Delaware (the “Court”) against Freshpet and the Company's Board of Directors (the “Board”). The complaint seeks a declaratory judgment and a determination that the Board's recent actions to entrench itself, and refusal to reverse them, constitute breaches of fiduci.

JANA Partners Files Lawsuit to Stop Freshpet Board's Highly Entrenching Actions Intended to Disenfranchise Shareholders and Manipulate Shareholder Vote

Freshpet Inc. FRPT, +0.91% shares dropped 1% in the extended session Tuesday after the pet-food company fired the latest volley in its battle with activist investor Jana Partners. Freshpet said Jana made “several erroneous and unfounded claims” about the board and omitted information “critical to understanding the intent and effect of the board's actions.

Freshpet says activist Jana Partners made ‘unfounded' claims

SECAUCUS, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today delivered the following letter to the legal counsel of the JANA Partners in response to JANA's letter, dated May 25, 2023, to Freshpet's legal counsel regarding actions taken by the Freshpet Board of Directors. The full text of the letter follows:

Freshpet Responds to JANA Partners' Letter Regarding Freshpet Board Actions

NEW YORK--(BUSINESS WIRE)--JANA Partners (“JANA”), which along with its affiliates and partners, owns 9.3% of Freshpet, Inc. (NASDAQ:FRPT), “Freshpet” or the “Company), today provided the guidance to shareholders about how to ensure their shares can be voted at the Company's upcoming 2023 Annual Meeting of Stockholders (“2023 Annual Meeting”) scheduled for July 25, 2023. Freshpet shareholders who have loaned, pledged or hypothecated any of their Common Stock may not be able to vote their shares.

JANA Partners Provides Urgent Notice to All Freshpet Shareholders to Recall Shares on Loan by Purported June 12, 2023 Record Date

SECAUCUS, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in the Stifel 2023 Cross Sector Insight Conference in Boston, MA.

Freshpet, Inc. to Participate in the Stifel 2023 Cross Sector Insight Conference

LOS ANGELES--(BUSINESS WIRE)---- $FRPT #FRPT--The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm.

INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Freshpet, Inc. ("Freshpet" or "the Company") (NASDAQ: FRPT) for violations of the securities laws and potential breaches of fiduciary duty on the part of its directors and management. If you are a shareholder, click here to participate.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES , May 27, 2023 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Freshpet, Inc. ("Freshpet" or "the Company") (NASDAQ: FRPT ) for violations of the securities laws and potential breaches of fiduciary duty on the part of its directors and management. If you are a shareholder, click here to participate.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 26, 2023 / Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Freshpet, Inc. ("Freshpet" or "the Company") (NASDAQ:FRPT) for violations of the securities laws and potential breaches of fiduciary duty on the part of its directors and management. If you are a shareholder, click here to participate.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Freshpet, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--JANA Partners (“JANA”), which along with its affiliates and partners, owns 9.3% of Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT), today delivered the following letter to the legal counsel of the Freshpet Board of Directors (the “Board”) regarding recent changes to the size and composition of the Board. By adopting such changes, which JANA believes are a desperate attempt to entrench Freshpet's incumbent directors and impede the free exercise of the shareh.

Jana Partners Calls on Freshpet Board to Immediately Rectify Highly Entrenching Actions Intended to Disenfranchise Shareholders and Manipulate Shareholder Vote

SECAUCUS, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today issued the following statement in response to JANA Partners LLC's (“JANA”) May 24, 2023 press release.

Freshpet Issues Statement Regarding JANA Partners' Press Release

Pet food company Freshpet (NASDAQ: FRPT ) added an even darker crimson tone to Wall Street's midweek downcycle amid a report that activist investor Jana Partners plans to launch a proxy battle. Specifically, Jana nominated four directors to serve on the petcare specialist's board.

FRPT Stock Alert: Activist Jana Gears Up for Proxy Battle With Freshpet

Activist investor plans to nominate four directors for the pet-food company's board.

Jana Prepares for Proxy Fight at Freshpet

NEW YORK--(BUSINESS WIRE)--JANA Partners (“JANA”) today announced that it will be nominating four highly qualified candidates to Freshpet, Inc.'s (“Freshpet” or the “Company”) (NASDAQ:FRPT) Board of Directors (the “Board”) for the 2023 Annual Meeting of Stockholders (“Annual Meeting”). JANA's nominees bring extensive experience as executives and public company board members in the consumer sector. Diane Dietz, Former Chief Executive Officer of Rodan & Fields, EVP & Chief Marketing/Merch.

JANA Partners to Nominate Four Highly Qualified Directors to Freshpet Board

Current Director Walt George will be named Chair to replace retiring Charles Norris Former Conagra executive David Biegger will join the Freshpet Board Biegger and George bring decades of CPG experience in supply chain and operations leadership roles across Conagra Brands, Campbell Soup Company, Procter & Gamble, and Hill's Pet Nutrition 2023 Annual Meeting to be held on July 25, 2023 SECAUCUS, N.J., May 17, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced several actions as part of its operational improvement plan launched in August of 2022.

Freshpet Advances Operational Improvement Plan Through Board Changes

Freshpet, Inc. (NASDAQ:FRPT ) Q1 2023 Earnings Conference Call May 8, 2023 8:00 AM ET Company Participants Jeff Sonnek - Investor Relations, ICR Billy Cyr - Chief Executive Officer Todd Cunfer - Chief Financial Officer Scott Morris - Chief Operating Officer Conference Call Participants Michael Lavery - Piper Sandler Bryan Spillane - Bank of America Rupesh Parikh - Oppenheimer Bill Chappell - Truist Securities Peter Benedict - Baird Jason English - Goldman Sachs Mark Astrachan - Stifel Cody Ross - UBS Jon Andersen - William Blair Ken Goldman - JP Morgan Corey Grady - Jefferies Jim Salera - Stephens Inc. John Lawrence - The Benchmark Company Operator Greetings. Welcome to Freshpet's First Quarter 2023 Earnings Call and Webcast.

Freshpet, Inc. (FRPT) Q1 2023 Earnings Call Transcript

Freshpet's NASDAQ: FRPT Q1 results are mixed and left the market wanting more, but the takeaway is bullish. Although profitability took a hit, the company's refocus on profitable growth is paying off.

Freshpet Is On The Brink Of Reversal

Freshpet (FRPT) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.40 per share a year ago.

Freshpet (FRPT) Reports Q1 Loss, Tops Revenue Estimates

Continued Strong Topline Growth Strong operating performance drove Adjusted EBITDA improvement Re-affirms net sales & Adjusted EBITDA guidance

Freshpet, Inc. Reports First Quarter 2023 Financial Results

SECAUCUS, N.J., May 02, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in the Goldman Sachs Global Staples Forum in New York, NY.

Freshpet, Inc. to Participate in the Goldman Sachs Global Staples Forum

Petco Health and Wellness

Petco announced upbeat fourth-quarter 2022 results on an earnings call Wednesday (March 22), led by its deep investments in pet healthcare and continuing strength in consumables.

Petco Sees Strength in Veterinary and New Customizable Subscription With Freshpet

This partnership makes Petco the first national brick- and-mortar pet retailer to offer a fresh pet food subscription of this kind through a new e-commerce brand: Freshpet® Custom Meals™ SECAUCUS, N.J. , March 22, 2023 /PRNewswire/ -- Today, Freshpet (Nasdaq: FRPT) and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) announced an innovative partnership to produce and deliver fresh, customized subscription meal plans directly to pet parents' doors.

Freshpet and Petco Launch Exclusive Industry-First Partnership Offering Customized Fresh Pet Food Subscription Delivered Directly to Pet Parents' Doors

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