Pet food company Freshpet (NASDAQ: FRPT) will be announcing earnings results this Monday morning. Here’s what you need to know.
Freshpet beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $263.2 million, up 17.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but full-year revenue guidance missing analysts’ expectations significantly.
Is Freshpet a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Freshpet’s revenue to grow 14.2% year on year to $268.8 million, slowing from the 28.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 9 downward revisions over the last 30 days (we track 13 analysts). Freshpet has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Freshpet’s peers in the perishable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fresh Del Monte Produce delivered year-on-year revenue growth of 3.8%, beating analysts’ expectations by 2.2%, and Cal-Maine reported revenues up 72.2%, topping estimates by 21.3%. Fresh Del Monte Produce traded up 4.2% following the results while Cal-Maine was also up 13.6%.
Read our full analysis of Fresh Del Monte Produce’s results here and Cal-Maine’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the perishable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. Freshpet is down 3% during the same time and is heading into earnings with an average analyst price target of $98.24 (compared to the current share price of $65.90).
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