Freshpet reins in sales growth bets but 2027 targets largely intact

Freshpet missed its sales growth goal last year and guided to a slower print in 2026 but is largely confident in hitting its short-term targets. The Nasdaq-listed pet-food maker had already flagged a “headwinds” backdrop when it revised down sales estimates and adjusted EBITDA guidance in May. However, last year, Freshpet broke through the $1bn sales barrier for the first time and noted it bagged almost a $100m from a six-year-old category investment. “We learned that after more than a decade of strong, ...