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, US
Websitefreshpet.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2018)382(+47%)
Revenue (FY, 2018)$193.2 M(+24%)
Share Price (Nov 2019)$53.4 (+4%)

Key People/Management at Freshpet

Scott Morris

Scott Morris

President & Co-Founder
Genevieve Ferrara

Genevieve Ferrara

Consumer Affairs Manager
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Freshpet Office Locations

Freshpet has an office in Secaucus
Secaucus, US (HQ)
400 Plaza Dr
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Freshpet Financials and Metrics

Freshpet Revenue

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Freshpet's revenue was reported to be $193.24 m in FY, 2018
USD

Revenue (Q3, 2019)

65.3m

Gross profit (Q3, 2019)

30.7m

Gross profit margin (Q3, 2019), %

47%

EBIT (Q3, 2019)

3.5m

Market capitalization (6-Nov-2019)

1.9b

Closing stock price (6-Nov-2019)

53.4

Cash (30-Sep-2019)

7.2m
Freshpet's current market capitalization is $1.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

34%15%

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

196.3m12.7m12.3m

Inventories

1.3m229.6k1.0m10.1m9.3m

Current Assets

50.2m25.4m19.2m27.0m31.0m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

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

Accounts Receivable

7.1m8.2m8.7m8.7m11.5m12.4m12.1m11.1m13.1m15.6m19.4m19.5m

Inventories

6.9m7.4m7.8m6.8m8.2m7.9m6.3m7.6m7.7m8.7m9.9m10.3m8.7m11.1m13.2m13.3m

Current Assets

14.7m47.1m38.3m33.1m16.8m18.6m19.3m19.1m21.3m24.6m26.7m24.7m27.1m33.1m39.3m52.4m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

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)

Depreciation and Amortization

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

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)

Accounts Payable

3.1m1.5m739.2k1.7m1.8m1.5m571.4k3.8m1.4m2.3m(829.1k)1.7m1.2m2.6m(158.6k)3.7m
USDY, 2019

Financial Leverage

1.7 x
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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
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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 Online and Social Media Presence

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Freshpet News and Updates

Freshpet Announces Secondary Offering of Common Stock

SECAUCUS, N.J., March 05, 2019 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) today announced that affiliates of MidOcean Partners (the “Selling Stockholders”) intend to offer 4,000,000 shares of the Company’s common stock in an underwritten public offering. The Co…

Freshpet, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

Provides Full Year 2019 OutlookAnnounces Strategic Investment to Support Rapid Growth Beyond 2020

Freshpet Delivers 'Farm To Fridge' Meals Benefitting Thousands Of Service Dogs

SECAUCUS, N.J., Nov. 9, 2018 /PRNewswire/ -- Supporting the well-being of dogs and cats everywhere, Freshpet® Inc., the first maker of real, all-natural, fresh food for pets in the U.S., lends a helping paw by donating 7,000 meals to K9s for Veterans, a not-for-profit organization whose...

Freshpet, Inc. Announces Filing of Shelf Registration Statement on Form S-3

SECAUCUS, N.J., Sept. 06, 2018 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) today announced it has filed a shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (“SEC”). The shelf registration statement, which was effe…

Freshpet, Inc. to Webcast Investor Day Presentation

SECAUCUS, N.J., Aug. 01, 2018 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that the management team  will webcast an Investor Day Presentation on Wednesday, August 8th at 10:00 a.m. ET.

Embrace The Great Outdoors With Your Pup In Celebration Of 'Dog Days Of Summer' With Freshpet

SECAUCUS, N.J., July 26, 2018 /PRNewswire/ -- This summer, Freshpet® Inc., the first and only maker of real, all-natural, fresh food for pets in the U.S., celebrates the adventurous side of pet parents, many of whom want nothing more than to include their four-legged companions in...
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Freshpet Blogs

Top Tips For Caring For Your Senior Pet

As our pets reach their senior years, the care they require begins to change. Our resident vet, Dr. Katy Nelson, shares eight tips all owners should keep in mind when caring for their senior pets. Tip 1: Watch their waistline Obesity can shorten the lifespan of your dog by an average of two years. F…

How To Help Your Pet Lose Weight

Would you believe us if we told you that over 56 million cats and 50 million dogs are overweight or obese in the United States, alone? Unfortunately, a 2018 study by the Association for Pet Obesity Prevention found this to be true. These numbers may be startling but fear not. Our resident vet, Dr. K…

Back To (Puppy) School – Signs Your Pet May Need More Training

The school year is back in full swing for our two-legged family members, but what about the four-legged ones? Our Resident Freshpet Vet, Dr. Katy Nelson, shares everything you need to know about training your dog. What behavioral signs are red flags that indicate I should look into additional traini…

10 Reasons Why Cats Make Great Pets

Cats vs. dogs – as long as they’ve been domesticated our population has been divided into those that prefer cats and those that prefer dogs. We think that both make for great companions, but if you’re strongly on “team dog”, read on. This list of 10 reasons why cats make great pets may just change […

BBQ Do’s & Don’ts With Your Pet

There’s no better way to spend a summer afternoon than at a BBQ with your closest friends and family – pets included! Before you fire up the grill, take a moment to review some of these BBQ do’s and don’ts. BBQ Dos Keep food away from pets Human food should always be kept away from […] The post BBQ …

Best Pet-Friendly Cities To Take A Road Trip To This Summer With Your Dog

This summer, why not hit the open road with your favorite four-legged companion and explore some of the country’s most pet-friendly cities. To help you decide on your route, we’ve put together a list of cities with the best sights and events for you and your dog to enjoy together. San Diego, Califor…
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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 and Genevieve Ferrara.

  • How many employees does Freshpet have?

    Freshpet has 382 employees.

  • What is Freshpet revenue?

    Latest Freshpet annual revenue is $193.2 m.

  • What is Freshpet revenue per employee?

    Latest Freshpet revenue per employee is $505.9 k.

  • Who are Freshpet competitors?

    Competitors of Freshpet include Zooplus, Blue Buffalo Pet Products and I and love and you.

  • Where is Freshpet headquarters?

    Freshpet headquarters is located at 400 Plaza Dr, Secaucus.

  • Where are Freshpet offices?

    Freshpet has an office in Secaucus.

  • How many offices does Freshpet have?

    Freshpet has 1 office.