Freshpet FRPT Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:56 AM CDT 58 min read

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DATE

Wednesday, May 6, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — William Cyr

• Chief Financial Officer — John O'Connor

• Chief Operating Officer — Nicola Baty

Full Conference Call Transcript

Billy Cyr, Chief Executive Officer; and John O'Connor, Chief Financial Officer. Nicki Baty, Chief Operating Officer, volition besides beryllium disposable for Q&A. Before we begin, delight retrieve that during the people of this call, absorption whitethorn marque forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. These see statements related to our strategies to reaccelerate growth, advancement and opportunities and superior efficiencies, timing and interaction of caller technology, superior spending, adequacy of capacity, expectations to beryllium escaped currency travel positive, 2026 guidance and 2027 targets.

They impact risks and uncertainties that could origin existent results to disagree materially from immoderate forward-looking statements made today, including those associated with these statements and those discussed successful our net property merchandise and our astir caller filings with the SEC, including our 2025 yearly study connected Form 10-K, which are each disposable connected our website. Please enactment that connected today's call, absorption volition notation to definite non-GAAP fiscal measures specified arsenic EBITDA and adjusted EBITDA, among others. While the institution believes these non-GAAP fiscal measures supply utile accusation for investors, the presumption of this accusation is not intended to beryllium considered successful isolation oregon arsenic a substitute for the fiscal accusation presented successful accordance with GAAP.

Please notation to today's property merchandise for however absorption defines specified non-GAAP measures, wherefore absorption believes specified non-GAAP measures are useful, a reconciliation of the non-GAAP fiscal measures to the astir comparable measures prepared successful accordance with GAAP and limitations associated with specified non-GAAP measures. Finally, the institution has produced a presumption that contains galore of the cardinal metrics that volition beryllium discussed connected this call. That presumption tin beryllium recovered connected the company's capitalist website. Management's commentary volition not specifically locomotion done the presumption connected the call, rather, it is simply a summary of the results and guidance they volition sermon today. With that, I'd similar to crook the telephone implicit to Billy Cyr, Chief Executive Officer.

William Cyr: Thank you, Rachel, and bully morning, everyone. The connection I would similar you to instrumentality distant from today's telephone is that we are disconnected to a beardown commencement to the twelvemonth and are good positioned to proceed to seizure a precise ample stock of the increasing marketplace for caller favored food. This beardown commencement and our occurrence are built connected manufacturing standard and expertise that present a wide lineup of exceptional products, our extended fridge web crossed a wide array of channels that progressively serves our rapidly increasing e-commerce concern and our first-mover vantage that has enabled america to physique a ample and divers user franchise.