Freshpet boosts profits

With significantly improved margins and strong cash generation, American pet food manufacturer Freshpet is looking positively to 2025, the company said in a press release. “Fiscal year 2024 was a breakout year for Freshpet. We continued to deliver the exceptional net sales growth that investors have come to expect from Freshpet, but we also delivered very strong earnings growth – even exceeding some of the fiscal 2027 targets we set two years ago”, said Billy Cyr, Freshpet's Chief Executive Officer.

Full year net sales increased 27.2 per cent to 975.2 mio dollars (2023: 766.9 mio dollars). This increase was primarily driven by a 26.1 per cent increase in volume. Adjusted EBITDA for the full year was 161.8 mio dollars.