Freshpet, Inc. (NASDAQ:FRPT) Q1 2022 Earnings Conference Call May 2, 2022 4:30 PM ET

Company Participants

Jeff Sonnek - Investor Relations, ICR

Billy Cyr - Chief Executive Officer

Heather Pomerantz - Chief Financial Officer

Scott Morris - Chief Operating Officer

Conference Call Participants

Bryan Spillane - Bank of America

Bill Chappell - Truist Securities

Brian Holland - Cowen and Company

Robert Moskow - Credit Suisse

Mark Astrachan - Stifel

Jon Andersen - William Blair

Anoori Naughton - JPMorgan

John Lawrence - Benchmark

Operator

Greetings and welcome to the Freshpet First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.

I would now like to turn this conference over to your host, Mr. Jeff Sonnek, Investor Relations at ICR. Thank you, sir. You may begin your presentation.

Jeff Sonnek

Hello and good afternoon and welcome to Freshpet’s first quarter 2022 earnings call and webcast. On today’s call are Billy Cyr, Chief Executive Officer; and Heather Pomerantz, Chief Financial Officer. Scott Morris, Chief Operating Officer, will also be available for Q&A.

Before we begin, please remember that during the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management’s current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially, from those described in these forward-looking statements.

Please refer to the company’s Annual Report on Form 10-K filed with the SEC, and the company’s press release issued today for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. Please note that on today’s call, management will refer to certain non-GAAP financial measures such as EBITDA, and adjusted EBITDA, among others. While the company believes these non-GAAP financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today’s press release for how management defines such non-GAAP measures, a reconciliation of the non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP and limitations associated with such non-GAAP measures.

Finally, the company has produced a presentation that contains many of the key metrics that will be discussed on this call. That presentation can be found on the company’s investor website. Management’s commentary will not specifically walk through the presentation on the call but rather it is summary of the results and guidance that we’ll discuss today.