Freshpet

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Freshpet, Inc.
Company type
Public
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HeadquartersBedminster, New Jersey, U.S.
Key people
Billy Cyr (CEO)[1]
ProductsRefrigerated pet food
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Websitefreshpet.com

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Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated.[5] It is listed on the Nasdaq exchange with the ticker symbol FRPT.[6]

History

Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh, and John Phelps, former pet food executives.[7][8] It opened a factory in Quakertown, Pennsylvania, in 2006[9] and another in Bethlehem, Pennsylvania in 2013.[5]Template:R/superscript Freshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO[10][11] with a market capitalization of $447 million.[11]

In February 2020, the company was given a grant of $2.1 million by the Texas Enterprise Fund to build a plant in Ennis, Texas south of Dallas.[12] In 2020, the company reported revenue of almost $319 million, an increase of about 30% and a net income loss of $3.19 million, up 130% on the previous year. It also reported losses in the four preceding years.[2]Template:R/superscript[13]Template:R/superscript In 2024, the company moved its headquarters to Bedminster, New Jersey.

Products

Freshpet's cat food and dog food products are marketed as fresh, requiring refrigeration[5] since the company's products have no preservatives.[14] Freshpet was the first to distribute pet food in the fresh and refrigerated category across North America. After a 2007 crisis of wet and dried dog food tainted by melamine, Freshpet's uncontaminated fresh food products experienced rapid growth in many of stores carrying them.[15][16]

As of 2021, the company's pet-food brands include Freshpet, Dog Joy, DogNation, Spring & Sprout,[17] Vital, Homestyle Creations, and Nature's Fresh.[18]

References

  1. ^ Page Module:Citation/CS1/styles.css has no content."Freshpet (FRPT) Q4 2024 Earnings Call Transcript". February 20, 2025. Retrieved October 21, 2025.
  2. ^ a b "Freshpet Inc.: Financials". The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  3. ^ https://finance.yahoo.com/news/freshpet-frpt-13-3-strong-131148863.html
  4. ^ "Freshpet Inc.: Overview". The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  5. ^ a b c Page Module:Citation/CS1/styles.css has no content."Freshpet Dog Food Promotes Products Sourced in the U.S." The New York Times. June 13, 2013.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Freshpet on NASDAQ". NASDAQ.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Collings, Richard (September 16, 2014). "Freshpet Files for IPO as Spending on Natural Food for Pets Rises". The Street. Retrieved January 19, 2021.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Harris, Jon (June 25, 2019). "Freshpet breaks ground on $100 million Lehigh Valley expansion that could add 200 jobs". The Morning Call. Retrieved January 19, 2021.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Freshpet Expanding in Pennsylvania, Creating 100 Jobs". Business Facilities. August 15, 2018. Retrieved February 8, 2021.
  10. ^ Page Module:Citation/CS1/styles.css has no content.Newman, Richard (December 11, 2014). "Pet Food Shares Have Wild Ride". The Record. Bergen County, New Jersey.
  11. ^ a b Page Module:Citation/CS1/styles.css has no content.Harris, Jon (November 7, 2019). "5 years after going public, Freshpet rings Nasdaq opening bell as market cap crosses $2 billion". The Morning Call. Allentown, Pennsylvania.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Freshpet to create 427 jobs in Ennis with new pet food manufacturing plant". Dallas News. February 26, 2020. Retrieved February 28, 2020.
  13. ^ "Freshpet Inc.". Barron's. Accessed December 2021.
  14. ^ Page Module:Citation/CS1/styles.css has no content.Byron, Ellen (May 27, 2014). "More Pet Brands Target Owners Who Like to Cook Their Own Dog Food". Wall Street Journal. Retrieved January 19, 2021.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Capitalizing on Pet-food Panic". Newsweek. May 6, 2007. Retrieved December 9, 2021.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Galante, Joseph (June 16, 2007). "From Quakertown: All-natural dog food: An industry recall has helped Freshpet's products catch on". Philadelphia Inquirer. Retrieved December 13, 2021.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Freshpet, Inc. Profile". Yahoo!Finance. Retrieved December 8, 2021.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Saulsbery, Gabrielle (December 8, 2021). "Freshpet launches refrigerated, vegetarian dog food brand Spring & Sprout". NJBiz. Retrieved September 8, 2021.

Further reading

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