Freshpet

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Freshpet, Inc.
TypePublic company
Industrypet food
Founded2006; 16 years ago (2006)
HeadquartersSecaucus, New Jersey, U.S.
Productsrefrigerated pet food
RevenueIncrease US$318.79 million (2020)[1]
US$-3.19 million[2] (2020)
Number of employees
591[3]
Websitefreshpet.com

Freshpet is an American pet food company. Its cat food and dog food products are marketed as fresh, and need to be kept refrigerated.[4] It is listed on the Nasdaq exchange with the ticker symbol FRPT.[5]

History[edit]

Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh and John Phelps, former pet food executives.[6][7] It opened a factory in Quakertown, Pennsylvania, in 2006;[8][9] and another in Bethlehem, Pennsylvania in 2013.[4] In February 2020 the company was offered a grant of $2.1 million from the Texas Enterprise Fund to build a plant in Ennis, Texas.[10]

In 2020 the company reported revenue of almost $319 million, an increase of some 30%, and a net income loss of $3.19 million, up 130% on the previous year. It also reported losses in the four preceding years.[1][2]

References[edit]

  1. ^ a b Freshpet Inc.: Financials. The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  2. ^ a b Freshpet Inc. Barron's. Accessed December 2021.
  3. ^ Freshpet Inc.: Overview. The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  4. ^ a b "Freshpet Dog Food Promotes Products Sources in the U.S." The New York Times. 13 June 2013.
  5. ^ "Freshpet on NASDAQ". NASDAQ.
  6. ^ Collings, Richard (16 September 2014). "Freshpet Files for IPO as Spending on Natural Food for Pets Rises". The Street. Retrieved 19 January 2021.
  7. ^ Harris, Jon (25 June 2019). "Freshpet breaks ground on $100 million Lehigh Valley expansion that could add 200 jobs". The Morning Call. Retrieved 19 January 2021.
  8. ^ Staff (15 August 2018). "Freshpet Expanding In Pennsylvania, Creating 100 Jobs". Business Facilities. Retrieved 8 February 2021.
  9. ^ Morley, Hugh (12 June 2007). "Barking up the right tree; Freshpet sales soar after tainted-food scandal". The Record.
  10. ^ "Freshpet to create 427 jobs in Ennis with new pet food manufacturing plant". Dallas News. 2020-02-26. Retrieved 2020-02-28.

Further reading[edit]

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