Key Points – Freshpet delivered strong second-quarter results: Net sales rose 15.5% to $305.6 million, adjusted EBITDA increased 18% to $52.2 million, and net income reached $19.5 million.
Adjusted gross margin expanded to 48.6%. – The company raised its 2026 outlook, now expecting 10%–12% sales growth and $210 million–$220 million in adjusted EBITDA, while projecting a 100–150 basis-point improvement in adjusted gross margin. – Growth was supported by expanding distribution, a 41% increase in digital orders and stronger household penetration, though higher fuel and logistics costs and challenging third-quarter comparisons remain risks
Freshpet also raised its 2027 gross-margin goal to at least 49% and maintained its 20%–22% adjusted EBITDA margin target. – Freshpet’s Impressive Q2 Sparks Optimism Despite Market Fears Freshpet (NASDAQ:FRPT) reported second-quarter 2026 results that exceeded its annual guidance range, prompting the fresh pet food company to raise its sales and adjusted EBITDA outlook despite what management described as a volatile consumer environment. Net sales rose 15.5% year over year to $305.6 million, driven by 15.7% volume growth and partly offset by a 0.2% unfavorable price-mix effect. Adjusted EBITDA increased about 18% to $52.2 million, while adjusted EBITDA margin improved to 17.1% from 16.8% a year earlier.
Net income totaled $19.5 million, compared with $16.4 million in the prior-year period. – Freshpet Surges 10%: Fresh Highs to Come for This Pet Stock CEO Billy Cyr said the company delivered its strongest growth rate in more than a year and its highest adjusted gross margin since the first quarter of 2020. He said Freshpet’s performance came amid higher gas prices and weaker consumer sentiment, which have affected consumers’ willingness to trade up in pet food and other categories. Updated 2026 Outlook Freshpet raised its 2026 net sales growth forecast to 10% to 12%, from a prior range of 8% to 11%.