Freshpet

OverviewSuggest Edit

Freshpet manufactures and markets natural fresh, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. It sells its products under the Freshpet brand, as well as under the Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural.
TypePublic
Founded2006
HQSecaucus, NJ, USMap
Websitefreshpet.com
Employee Ratings4.2More
View Jobs

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)462(+21%)
Revenue (FY, 2019)$245.9 M(+28%)
Share Price (Jan 2021)$144.6
Cybersecurity ratingCMore

Key People/Management at Freshpet

Scott Morris

Scott Morris

President & Co-Founder

Freshpet Office Locations

Freshpet has offices in Secaucus and Bethlehem
Secaucus, NJ, US (HQ)
400 Plaza Dr
Bethlehem, PA, US
176 N Commerce Way
Show all (2)

Freshpet Financials and Metrics

Freshpet Revenue

Embed Graph
View revenue for all periods
Freshpet's revenue was reported to be $245.86 m in FY, 2019
USD

Revenue (Q3, 2020)

84.2m

Gross profit (Q3, 2020)

36.7m

Gross profit margin (Q3, 2020), %

43.5%

Net income (Q3, 2020)

3.5m

EBIT (Q3, 2020)

3.8m

Market capitalization (15-Jan-2021)

5.9b

Closing stock price (15-Jan-2021)

144.6

Cash (30-Sept-2020)

84.2m

EV

5.8b
Freshpet's current market capitalization is $5.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

86.8m116.2m133.1m156.4m193.2m245.9m

Revenue growth, %

34%15%

Cost of goods sold

44.5m61.5m72.7m84.0m103.2m131.7m

Gross profit

42.2m54.6m60.4m72.4m90.0m114.2m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

22.5m27.1m28.4m30.6m31.5m33.0m34.5m34.5m40.0m41.2m43.2m47.6m50.8m54.8m60.1m65.3m70.1m80.0m84.2m

Cost of goods sold

11.6m13.8m14.7m16.5m16.6m18.1m19.2m18.7m21.8m21.7m23.0m24.7m27.2m28.9m32.7m34.6m38.3m46.0m47.5m

Gross profit

10.9m13.3m13.7m14.0m14.9m14.9m15.4m15.8m18.2m19.5m20.1m22.9m23.6m25.9m27.3m30.7m31.8m33.9m36.7m

Gross profit Margin, %

48%49%48%46%47%45%44%46%45%47%47%48%46%47%46%47%45%42%44%
show all
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

36.3m8.0m3.9m2.2m7.6m9.5m

Accounts Receivable

196.3m12.7m12.3m18.6m

Prepaid Expenses

1.2m1.1m3.3m

Inventories

1.3m229.6k1.0m10.1m9.3m12.5m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.8m24.9m16.0m15.3m266.1k1.7m3.5m2.0m675.2k2.1m3.0m1.1m2.9m3.8m4.8m7.2m149.5m107.7m84.2m

Accounts Receivable

4.2m6.5m6.3m7.0m7.1m8.2m8.7m8.7m11.5m12.4m12.1m11.1m13.1m15.6m19.4m19.5m20.3m22.7m21.6m

Prepaid Expenses

214.8k719.3k689.7k295.6k1.2m792.1k780.0k769.9k1.4m598.5k819.4k1.1m772.0k2.4m1.3m1.7m3.0m2.8m3.4m

Inventories

6.9m7.4m7.8m6.8m8.2m7.9m6.3m7.6m7.7m8.7m9.9m10.3m8.7m11.1m13.2m13.3m16.0m18.7m17.5m
show all
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(37.3m)(3.7m)(3.2m)(4.3m)(5.4m)(1.4m)

Depreciation and Amortization

6.4m7.6m9.9m12.7m14.1m15.9m

Inventories

(1.7m)565.7k1.6m(5.0m)701.9k(3.3m)

Accounts Payable

(1.6m)192.6k853.9k2.7m195.2k2.8m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(20.9m)(2.6m)(4.8m)(6.5m)(1.8m)(5.0m)(4.4m)(2.9m)(5.5m)(5.8m)(3.5m)(7.0m)(7.1m)(3.4m)(9.1m)(6.0m)(3.6m)(3.4m)109.9k

Depreciation and Amortization

4.7m1.8m3.6m5.5m2.1m4.2m7.0m3.0m6.2m9.4m3.3m6.8m10.4m3.7m7.6m11.7m4.5m9.9m14.9m

Inventories

(1.3m)(118.9k)(492.1k)479.3k(1.5m)(1.1m)419.1k(2.3m)(2.4m)(3.6m)190.8k(241.2k)1.3m(1.8m)(4.0m)(4.1m)(3.6m)(6.3m)(5.1m)

Accounts Payable

3.1m1.5m739.2k1.7m1.8m1.5m571.4k3.8m1.4m2.3m(829.1k)1.7m1.2m2.6m(158.6k)3.7m655.7k(3.4m)(3.0m)
show all
USDQ3, 2014

Debt/Equity

-0.5 x

Debt/Assets

1.1 x

Financial Leverage

-0.5 x
Show all financial metrics

Freshpet Operating Metrics

Freshpet's Stores was reported to be 17.7 k in Q3, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Stores

13.39 k14.02 k14.35 k14.67 k15.02 k15.43 k15.80 k16.26 k16.61 k17.03 k17.36 k17.65 k

Manufacturing Facilities

1 1 1
Show all operating metrics

Freshpet Revenue Breakdown

Embed Graph

Freshpet revenue breakdown by business segment: 78.7% from Grocery, Mass and Club and 21.3% from Pet Specialty, Natural and Other

Freshpet Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

Learn more about our premium products
SecurityScorecard logo

Freshpet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
CSRHub logo

Freshpet Online and Social Media Presence

Freshpet's Trends

Embed Graph

Freshpet News and Updates

January 13, 2021

Freshpet, Inc. Provides Business Update

Pre-Announces Net Sales and Updates EBITDA Guidance Pre-Announces Net Sales and Updates EBITDA Guidance
December 14, 2020

Freshpet, Inc. Names Ricardo Moreno as Vice President of Manufacturing

SECAUCUS, N.J., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) announced the appointment of Ricardo Moreno as Vice President of Manufacturing, effective December 14, 2020. Mr. Moreno will oversee all manufacturing operations, including Bethlehem and E…
October 12, 2020

Freshpet, Inc. to Report Third Quarter 2020 Results on Monday, November 2, 2020

SECAUCUS, N.J., Oct. 12, 2020 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced it will report results for the third quarter ended September 30, 2020 on Monday, November 2, 2020 after market close.
September 24, 2020

Freshpet, Inc. Completes CFO Transition and Receives Overwhelming Support for its Corporate Governance Long-Term Plan

Names Additional Leadership Appointments within Finance Organization Names Additional Leadership Appointments within Finance Organization
August 03, 2020

Freshpet, Inc. Names Thembi Machaba as Senior Vice President of Human Resources

SECAUCUS, N.J., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) announced the appointment of Thembi Machaba as Senior Vice President of Human Resources, effective August 1, 2020. Ms. Machaba will lead Freshpet’s Human Resources organization and report …
March 20, 2020

Freshpet exempt from business closure order, will continue making pet food

Freshpet Inc. said it is exempt from an order issued by Pennsylvania Gov. Tom Wolf to close all non-life-sustaining businesses and will continue to make pet food at its facility in Bethlehem. The closure order went into effect at 8 p.m. on Thursday. The company said Freshpet Kitchen will manufactur…
Show more

Freshpet Blogs

October 27, 2020

National Cat Day: 10 Facts You Didn’t Know About Cats

To celebrate National Cat Day, which takes place on October 29th, we wanted to share 10 facts about your feline friends that you may not have known. 1. Cats have a dominant paw Just like humans can be right- or left-handed, cats can be left-pawed or right-pawed. Researchers at Queen’s University Bel…
October 26, 2020

New Freshpet Recipes To Bark About

We know that few things get a dog’s tail wagging like seeing their parent preparing their favorite Freshpet meal. This is why we’re excited to announce new additions to our Homestyle Creations and Vital recipe lines your dog is sure to love! Homestyle Creations If you’re not familiar with our newest…
October 21, 2020

7 Tips For Working At Home With Pets

Now that working from home is the new normal, you may have found yourself spending your days with a different type of colleague – one with four legs and a wet nose. While the prospect of being able to spend the day with your pet is a major benefit of working from home, it doesn’t […] The post 7 Tips…
October 08, 2020

How Having A Pet Can Improve Your Mental Health

To mark World Mental Health Day, which takes place on October 10th, we wanted to take a moment to recognize all the ways that having a pet can improve your mental health. During times like this, especially, your pet can be a great source of support in your daily lives. They can reduce your stress [……
September 29, 2020

Why Your Dog Will Love Our Homestyle Creations Recipes

Home cooking a complete and balanced healthy meal for your dog can be tricky. This is why we’re so excited about our line of Homestyle Creations recipes. With Homestyle Creations, creating fresh, delicious meals for your dog has never been easier. How are Homestyle Creations different from other Fre…
September 21, 2020

The Best Freshpet Recipes For Larger Breeds

When it comes to feeding your large breed dog, there are a few things you need to consider. Firstly, large breeds have slower metabolisms than their smaller counterparts. This means their food should be packed with nutrients so they don’t have to overeat to get everything they need. A second conside…
Show more

 Freshpet Frequently Asked Questions

  • When was Freshpet founded?

    Freshpet was founded in 2006.

  • Who are Freshpet key executives?

    Freshpet's key executives are Scott Morris.

  • How many employees does Freshpet have?

    Freshpet has 462 employees.

  • What is Freshpet revenue?

    Latest Freshpet annual revenue is $245.9 m.

  • What is Freshpet revenue per employee?

    Latest Freshpet revenue per employee is $532.2 k.

  • Who are Freshpet competitors?

    Competitors of Freshpet include Zooplus, Bond Pet Foods and Alvar Pet.

  • Where is Freshpet headquarters?

    Freshpet headquarters is located at 400 Plaza Dr, Secaucus.

  • Where are Freshpet offices?

    Freshpet has offices in Secaucus and Bethlehem.

  • How many offices does Freshpet have?

    Freshpet has 2 offices.