Freshpet (FRPT) Q2 2026 Earnings Call Transcript

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DATE

Wed., Aug. 5, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Vice President of Investor Relations and Corporate Communications - Rachel Perkins-Ulsh

• Chief Executive Officer - William Cyr

• Chief Financial Officer - John O'Connor

• Chief Operating Officer - Nicola Baty

Full Conference Call Transcript

Operator: Good morning, and invited to the Freshpet Second Quarter 2026 Earnings Call. [Operator Instructions] Please enactment this lawsuit is being recorded. I would present similar to crook the league implicit to Rachel Ulsh, Vice President of Investor Relations and Corporate Communications. Please spell ahead.

Rachel Perkins-Ulsh: Good morning, and invited to Freshpet's Second Quarter 2026 Earnings Call and Webcast. On today's telephone are 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 the size of the class and our TAM, our strategy and expectations for growth, the competitory advantages of our manufacturing connected prime and cost, fridge enlargement expectations, opportunities and superior efficiencies, timing of caller lines of superior spending, 2026 guidance and 2027 targets.

They impact risks and uncertainties that could origin existent results to disagree materially from immoderate forward-looking statements made contiguous 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 are 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.