Amidst current economic uncertainties, Freshpet has recalibrated its financial projections for the year. The pet food manufacturer now anticipates net sales to range between $1.12 billion and $1.15 billion, reflecting a growth rate of 15% to 18%. This marks a downward revision from its initial forecast of $1.18 billion to $1.21 billion, which had projected a higher growth trajectory. Additionally, the company's adjusted EBITDA guidance has been updated to fall within $190 million to $210 million, indicating a strategic shift in response to macroeconomic pressures.

In light of these adjustments, Freshpet recently disclosed its first-quarter performance for fiscal year 2025. Despite reporting a net loss of $12.7 million during this period, the company showcased resilience with a 17.6% increase in net sales compared to the previous year. CEO Billy Cyr emphasized that while recent growth figures did not meet expectations, Freshpet remains committed to navigating through present economic challenges while enhancing operational efficiencies. He underscored the importance of aligning long-term strategies with consumer needs and market conditions.

As Freshpet continues to adapt its business model, the company highlights its achievements in maintaining profitability and improving margins. Gross profit climbed to $103.8 million, representing a steady gross margin of 39.4%, while adjusted gross profit reached $120.2 million. However, increased spending on marketing and administrative expenses contributed to higher SG&A costs. Looking ahead, Freshpet aims to sustain its momentum by focusing on innovation and sustainability, ensuring it delivers value not only to shareholders but also to pets and communities worldwide.