Trade Freshpet Inc - FRPT CFD

Freshpet Inc Company profile

About Freshpet Inc

Freshpet, Inc. is engaged in the manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company's products consist of dog food, cat food and dog treats. All Freshpet products are made according to its nutritional philosophy of fresh, meat-based nutrition and minimal processing. The Companies recipes include real, fresh meat and varying combinations of vitamin-rich vegetables, leafy greens and antioxidant-rich fruits, without the use of preservatives, additives or artificial ingredients. Its products are sold under the Freshpet brand name, with ingredients, packaging and labeling customized by different classes of trade and are available in multiple forms. It also offers fresh treats across all classes of retail under the Dognation and Dog Joy labels. It sells its products through a growing network of company-owned branded refrigerators, the Freshpet Fridges.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Freshpet Inc revenues increased 33% to $425.5M. Net loss increased from $3.2M to $29.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects SELLING, GENERAL, AND ADMIN. EXP -bal increase of 83% to $146.5M (expense), Stock-based Compensation in SGA increase from $8.8M to $20.8M (expense).