Freshpet Cuts 2026 Sales Forecast to Mid-Teens, Keeps $2B 2027 Goal
Freshpet cut its full-year 2026 sales growth guidance to 10%-12%, forecasting $1.62B-$1.66B in revenue versus prior 15%-17% estimates. It reaffirmed a roughly $2.0B sales target for 2027, maintaining a mid-teens growth trajectory despite near-term headwinds.
1. 2026 Sales Forecast Revision
Freshpet trimmed its full-year 2026 sales growth outlook to 10%-12%, down from prior 15%-17%, forecasting revenue between $1.62B and $1.66B as it adjusts plans based on softer category demand.
2. Underlying Drivers
The company cited ongoing supply chain constraints, elevated commodity and freight costs, and competitive pricing pressures as the primary reasons for dialing back its near-term sales expectations.
3. 2027 Targets Intact
Despite the adjustment, Freshpet maintained its 2027 sales target of approximately $2.0B, reflecting confidence in achieving a mid-teens growth rate and long-term volume expansion.
4. Market Reaction
Shares of Freshpet fell about 6% in extended trading following the guidance revision, indicating investor concern over near-term growth but recognition of the unchanged longer-term goals.