Q2 25 EPS
$0.33
BEAT +112.90%
Est. $0.16
Q2 25 Revenue
$264.7M
MISS 1.21%
Est. $267.9M
vs S&P Since Q2 25
-40.3%
TRAILING MARKET
FRPT -23.9% vs S&P +16.3%
Market Reaction
Did FRPT Beat Earnings? Q2 2025 Results
Freshpet delivered a decisive earnings beat in Q2 2025, posting diluted EPS of $0.33 against a consensus estimate of $0.15, a 112.90% positive surprise, even as revenue of $264.69 million came in just 1.21% below expectations despite growing 12.5% ye… Read more Freshpet delivered a decisive earnings beat in Q2 2025, posting diluted EPS of $0.33 against a consensus estimate of $0.15, a 112.90% positive surprise, even as revenue of $264.69 million came in just 1.21% below expectations despite growing 12.5% year over year. The headline profit story was driven by a sharp operational turnaround: net income swung to $16.36 million from a loss of $1.69 million a year earlier, fueled by gross margin expansion to 40.9%, a 660 basis point reduction in SG&A as a percentage of net sales, and lower input and quality costs across its production network. Adjusted EBITDA climbed to $44.40 million, with margin expanding 190 basis points to 16.8%. Looking ahead, the company tempered its full-year 2025 net sales growth outlook to 13%-16% from 15%-18%, citing a more economically constrained consumer, though it maintained its Adjusted EBITDA guidance of $190 million to $210 million and meaningfully cut capital expenditure guidance to approximately $175 million, reflecting improved capital efficiency at its facilities.
Key Takeaways
- • Volume gains of 10.8% and favorable price/mix of 1.7% drove 12.5% net sales growth
- • Lower input costs reduced input costs as percentage of net sales by 90 basis points YoY
- • Reduced quality costs decreased by 70 basis points as a percentage of net sales YoY
- • Decreased share-based compensation and variable compensation accrual reduced SG&A
- • 170 basis point combined improvement across input, logistics, and quality costs
- • Overall Equipment Effectiveness (OEE) improvements across manufacturing network
- • Ennis Kitchen became the most profitable Freshpet facility
- • 11% growth in total household penetration, 18% growth in MVP household penetration
FRPT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Against a more challenging consumer sentiment backdrop, we continue to significantly outperform the dog food category - delivering both category leading sales growth and strong improvements in operations.”
— Billy Cyr, Q2 2025 Earnings Press Release
FRPT Earnings Trends
FRPT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FRPT EPS Trend
Earnings per share: estimate vs actual
FRPT Revenue Trend
Quarterly revenue: estimate vs actual
FRPT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.09 | $0.91 | +929.41% | $297.6M | +2.10% |
| Q4 25 BEAT FY | $0.48 | $0.64 | +34.31% | $285.2M | -0.17% |
| FY Full Year | $2.73 | $2.64 | -3.39% | $1.10B | -0.05% |
| Q3 25 BEAT | $0.40 | $1.86 | +359.83% | $288.8M | +1.80% |
| Q2 25 BEAT | $0.16 | $0.33 | +112.90% | $264.7M | -1.21% |
| Q1 25 MISS | $0.09 | $-0.26 | -385.40% | $263.2M | +1.93% |