Freshpet Inc

FRPT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Freshpet Earnings: Top-Line Growth Robust and Margins Widen, but Shares Still Undervalued

Kristoffer Inton

Aug 6, 2026

Freshpet's second-quarter sales grew 15.5% year over year, as a 15.7% volume gain offset lower price/mix. Adjusted EBITDA margin expanded 30 basis points to 17.1% on lower input, operating, and media costs, which outpaced higher startup and logistics costs and variable compensation.

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Freshpet Inc

Freshpet Earnings: Top-Line Growth Robust and Margins Widen, but Shares Still Undervalued

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