Freshpet records net sales of $93.4 million in first quarter 2021
The American pet food company’s net sales grew by 33.3%, compared to the first quarter of 2020.
The 33.3% growth rate is the highest the company has recorded in more than 5 years. The company also grew their adjusted EBITDA to $7.8 million, a 38.5% increase.
For the rest of the year, the company expects:
- To exceed net sales of $430.0 million, an increase greater than 35% from 2020.
- To exceed Adjusted EBITDA of $61.0 million, an increase greater than 30% from 2020.