Freshpet, Inc. announced earlier this week its financial results for the fourth quarter and full year ended 31 December 2025.
Fourth Quarter 2025
Net sales increased 8.6 percent to US$285.2 million in the fourth quarter of 2025, compared to US$262.7 million in the prior-year period. The increase in net sales was primarily driven by volume gains of 9.7 percent, partially offset by unfavorable price/mix of 1.1 percent.
Gross profit was US$123.5 million, or 43.3 percent as a percentage of net sales, for the fourth quarter of 2025, compared to US$111.6 million, or 42.5 percent as a percentage of net sales, in the prior year period. Gross profit as a percentage of net sales increased primarily due to reduced quality costs and improved leverage on plant expenses, partially offset by higher input costs.
For the fourth quarter of 2025, Adjusted Gross Profit was US$138.1 million or 48.4 percent as a percentage of net sales, compared to US$126.3 million or 48.1 percent as a percentage of net sales, in the prior year period.
Full Year 2025
Net sales increased 13.0 percent to $1,102.0 million for the full year ended December 31, 2025, compared to US$975.2 million in the prior year. The increase in net sales was primarily driven by volume gains of 12.0 percent and favorable price/mix of 1.0 percent.
Gross profit was US$449.6 million or 40.8 percent as a percentage of net sales, for the full year ended December 31, 2025, compared to US$396.0 million or 40.6 percent as a percentage of net sales, in the prior year. Gross profit as a percentage of net sales increased primarily due to lower input costs and reduced quality costs, partially offset by reduced leverage on plant expenses. Adjusted Gross Profit was US$515.2 million or 46.7 percent as a percentage of net sales, compared to US$453.5 million or 46.5 percent as a percentage of net sales, in the prior year.
