Freshpet, Inc. (NASDAQ:FRPT) Q2 2024 Earnings Conference Call August 5, 2024 8:00 AM ET

Company Participants

Rachel Ulsh - Vice President Investor Relations
Billy Cyr - Chief Executive Officer
Todd Cunfer - Chief Financial Officer
Scott Morris - Chief Operating Officer

Conference Call Participants

Ken Goldman - JP Morgan
Bill Chappell - Truist Securities
Robert Moskow - TD Cowen
Brian Holland - D.A. Davidson
Mark Astrachan - Stifel
Peter Benedict - Baird
Rupesh Parikh - Oppenheimer
Bryan Spillane - Bank of America
Michael Lavery - Piper Sandler
Jon Anderson - William Blair
Tom Palmer - Citi
Marc Torrente - Wells Fargo

Operator

Greetings. Welcome to Freshpet’s Second Quarter 2024 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] Please note this conference is being recorded.

I will now turn the conference over to Rachel Ulsh, Vice President of Investor Relations. Thank you. You may begin.

Rachel Ulsh

Thank you. Good morning and welcome to Freshpet's second quarter 2024 earnings call and webcast. On today's call are Billy Cyr, Chief Executive Officer, and Todd Cunfer, Chief Financial Officer. Scott Morris, President and Chief Operating Officer will also be available for Q&A.

Before we begin, please remember that during the course of this call, management will make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements related to our long-term strategy, 2027 goals and pace in achieving these goals, prospects for growth, timing of Freshpet Kitchens Expansion and new technology and 2024 guidance. Words such as anticipate, believe, could, estimate, expect, guidance, intend, may, project, will, or similar conditional expressions are intended to identify forward-looking statements. 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, including those associated with such statements.

Please refer to the company's annual report on Form 10-K with the Securities and Exchange Commission and the company's press release issued today for detailed discussions of 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-GAPP 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, why management believes such non-GAAP financial measures are useful, 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.