Freshpet Shares Gain 9% as Q3 Profit Smashes Estimates, Guidance Tightened

Core Insights - Freshpet Inc. reported third-quarter earnings significantly above Wall Street expectations, with shares rising over 9% in intra-day trading [1] - The company achieved adjusted earnings of $1.86 per share, exceeding analyst estimates of $0.43 [1] - Revenue increased by 14% year-over-year to $288.8 million, surpassing the consensus forecast of $284.22 million [1] Financial Performance - Freshpet achieved positive free cash flow for the first time during the quarter and anticipates remaining free cash flow positive for the full fiscal year 2025, one year earlier than previously expected [2] - Adjusted EBITDA rose to $54.6 million from $43.5 million in the same quarter last year [2] Guidance Update - The company updated its full-year 2025 guidance, projecting net sales growth of approximately 13%, slightly down from the prior range of 13% to 16% [3] - Adjusted EBITDA outlook was narrowed to between $190 million and $195 million from the previous range of $190 million to $210 million [3] - Capital expenditure guidance was reduced to about $140 million from $175 million [3]