- December 17, 2021
- Posted by: Stratford Team
- Category: Business
SECAUCUS, N.J., Dec. 17, 2021 (GLOBE NEWSWIRE) — Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced updated full year 2021 net sales and EBITDA guidance and has posted an updated investor presentation to the Company’s investor relations website.
The Company now expects net sales to be between $425 million and $430 million for full year 2021 and adjusted EBITDA to be approximately $42 million for full year 2021.
“Supply chain issues continue to cause new challenges for our business, this time with parts supplies for key packaging components. While we’ve since solved this issue, it nonetheless caused a temporary decrease in production, which in turn is resulting in the revision to our full year expectations that we are updating today,” commented Billy Cyr, Freshpet’s Chief Executive Officer. “We continue to forge ahead, emboldened by the improving retail conditions and the consistent demand from our customers…
