Freshpet says Q2 2026 sales, margin beat guidance on volume growth, lower input costs and plant leverage

Adjusted SG&A rose to 31.4% as logistics costs climbed to 6.9% on higher fuel and trucking capacity pressure; media fell to 13.4%.

Guidance was raised to 10%-12% net sales growth, adjusted EBITDA of $210-$220 million; logistics outlook lifted by $8 million; capex held at $150 million.

Digital orders increased 41% to 16.7% of sales; 78% of online volume moved through its fridge network, supporting omnichannel demand.

Freshpet posted Q2 2026 net sales of $305.6 million, up 15.5%, driven by 15.7% volume growth despite a tougher consumer backdrop.

Adjusted gross margin rose 170 bps to 48.6% on plant leverage and lower input costs, partly offset by start-up disposal costs.