Freshpet

  • Stores17.7 KQ3, 2017
  • Revenue$318.8 MFY, 2020
  • Market Capitalization$2.6 B2022-06-24

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 Ratings3.9
View Jobs (8)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)462(+21%)
Job Openings8
Revenue (FY, 2020)$318.8 M(+30%)
Share Price (Jun 2022)$59.7(+4%)
Cybersecurity ratingDMore
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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

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View revenue for all periods
Freshpet's revenue was reported to be $318.79 m in FY, 2020
USD

Revenue (Q1, 2021)

93.4m

Gross profit (Q1, 2021)

36.3m

Gross profit margin (Q1, 2021), %

38.9%

Net income (Q1, 2021)

(10.9m)

EBIT (Q1, 2021)

(9.7m)

Market capitalization (24-Jun-2022)

2.6b

Closing stock price (24-Jun-2022)

59.7

Cash (31-Mar-2021)

341.0m

EV

2.3b
Freshpet's current market capitalization is $2.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

86.8m116.2m133.1m156.4m193.2m245.9m318.8m

Revenue growth, %

34%15%

Cost of goods sold

44.5m61.5m72.7m84.0m103.2m131.7m185.9m

Gross profit

42.2m54.6m60.4m72.4m90.0m114.2m132.9m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

22.5m27.1m28.4m30.6m31.5m33.0m34.5m34.5m40.0m41.2m43.2m47.6m50.8m54.8m60.1m65.3m70.1m80.0m84.2m93.4m

Cost of goods sold

11.6m13.8m14.7m16.5m16.6m18.1m19.2m18.7m21.8m21.7m23.0m24.7m27.2m28.9m32.7m34.6m38.3m46.0m47.5m57.1m

Gross profit

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

Gross profit Margin, %

48%49%48%46%47%45%44%46%45%47%47%48%46%47%46%47%45%42%44%39%
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

36.3m8.0m3.9m2.2m7.6m9.5m67.2m

Accounts Receivable

196.3m12.7m12.3m18.6m18.4m

Prepaid Expenses

1.2m1.1m3.3m3.4m

Inventories

1.3m229.6k1.0m10.1m9.3m12.5m19.1m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.8m24.9m16.0m15.3m266.1k1.7m3.5m2.0m675.2k2.1m3.0m1.1m2.9m3.8m4.8m7.2m149.5m107.7m84.2m341.0m

Accounts Receivable

4.2m6.5m6.3m7.0m7.1m8.2m8.7m8.7m11.5m12.4m12.1m11.1m13.1m15.6m19.4m19.5m20.3m22.7m21.6m28.8m

Prepaid Expenses

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

Inventories

6.9m7.4m7.8m6.8m8.2m7.9m6.3m7.6m7.7m8.7m9.9m10.3m8.7m11.1m13.2m13.3m16.0m18.7m17.5m21.8m
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

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

Depreciation and Amortization

6.4m7.6m9.9m12.7m14.1m15.9m21.1m

Inventories

(1.7m)565.7k1.6m(5.0m)701.9k(3.3m)(6.8m)

Accounts Payable

(1.6m)192.6k853.9k2.7m195.2k2.8m(5.9m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

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(10.9m)

Depreciation and Amortization

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

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)(2.8m)

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)6.2m
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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 k15.8 k16.26 k16.61 k17.03 k17.36 k17.65 k

Manufacturing Facilities

111

Freshpet Revenue Breakdown

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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

D

68/100

Learn more about our premium products
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Freshpet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Freshpet Online and Social Media Presence

Freshpet's Trends

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Freshpet News and Updates

June 18, 2022

Freshpet Voluntarily Recalls One Lot of Freshpet Select Fresh From the Kitchen Home Cooked Chicken Recipe 4.5-pound bags due to Potential Salmonella Contamination.

BETHLEHEM, Pa., June 18, 2022 /PRNewswire/ -- Freshpet Inc. is announcing a voluntary recall of a single lot of Freshpet Select Fresh From the Kitchen Home Cooked Chicken Recipe (4.5 lb. bag), with sell by date of 10/29/22, due to potential contamination with Salmonella. Salmonella can...
May 05, 2022

Freshpet, Inc. to Participate in Cowen's 6th Annual Future of the Consumer Conference

SECAUCUS, N.J., May 05, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in Cowen's 6th Annual Future of the Consumer Conference in New York, NY.
May 02, 2022

Freshpet, Inc. Announces Plans for New Innovation Kitchen in Bethlehem, PA

Facility slated to open in second half of 2023 Facility slated to open in second half of 2023
April 11, 2022

Freshpet, Inc. to Report First Quarter Results on Monday, May 2, 2022

SECAUCUS, N.J., April 11, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced it will report results for the first quarter ended March 31, 2022 on Monday, May 2, 2022 after market close.
February 16, 2022

Freshpet, Inc. to Participate in the BofA Securities 2022 Consumer and Retail Technology Conference

SECAUCUS, N.J., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ:FRPT) today announced that members of the executive management team will participate in the BofA Securities 2022 Consumer and Retail Technology Conference in New York, NY.
February 07, 2022

Freshpet, Inc. to Report Fourth Quarter and Fiscal Year 2021 Results on Monday, February 28, 2022

SECAUCUS, N.J., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced it will report results for the fourth quarter and fiscal year ended December 31, 2021 on Monday, February 28, 2022 after market close.
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Freshpet Blogs

June 22, 2022

Summer Safety: How to Keep Pets Safe from Fireworks and Flaring Temperatures

Extreme temperatures and booming sounds can have big impacts on our pets. With record-breaking heat forecast across much of the nation and Independence Day celebrations on the horizon, Freshpet is helping pet parents prepare for the official arrival of summer with tips that can help keep their pets …
June 21, 2022

Freshpet Reviews From Pet Parents: See Why You Should Make The Switch to Freshpet

At Freshpet, our ideology behind how to feed our four-legged family members is a bit different from other pet food brands. We believe that dogs and cats deserve food that helps them live their best lives, which means crafting recipes from fresh, whole ingredients that are gently cooked without prese…
June 08, 2022

How to Prepare for Summer for Dogs With Heavy Coats

Temperatures are steadily increasing, which leaves many pet parents wondering how they can make summer for dogs with heavy coats more comfortable. Some may understandably think that shaving their dog is the best way to keep them cool, but for dogs with heavy coats, this can do more damage than good.…
June 06, 2022

Six Signs You’ve Found The Best Pet Sitter

As much as you want your pet to join you for all of your adventures, it’s not always possible. This is why it’s important to have a trusted pet sitter who can care for your pets while you’re away. For first-time pet parents, this process can feel daunting – how do you find the best […] The post Six …
May 26, 2022

Ask Dr. Aziza: Dealing With Stress in Pets

There are numerous reasons why your pet could be feeling stressed. Changes in their routine, their environment, a new addition to the home, or even something as innocuous as a new piece of furniture can increase your pet’s stress level. We’ve asked our Freshpet vet, Dr. Aziza, to give some insight i…
May 12, 2022

Top Veterinarian Social Media Accounts to Follow

There’s no shortage of adorable animal content on the internet, but did you know that there are vet social media accounts that pair these adorable animals with educational content? We’ve rounded up seven of our favorite vet social media accounts that we think all pet parents should follow. Whether y…
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 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 $318.8 m.

  • What is Freshpet revenue per employee?

    Latest Freshpet revenue per employee is $690 k.

  • Who are Freshpet competitors?

    Competitors of Freshpet include Chewy, Zooplus and Smalls.

  • 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.