Freshpet management commentary attributes Q3 2026 adjusted gross margin improvement to stronger operating performance

• Freshpet management's commentary attributed third-quarter 2026 net sales growth of 10% to higher volumes, with revenue reaching $317.8 million.
• Adjusted gross margin rose 400 basis points to 50%, driven by plant expense leverage, reduced quality costs and lower relative input costs.
• Adjusted EBITDA increased approximately 18% to $64.5 million as higher sales and gross profit outweighed increased overhead, including logistics costs.
• Management raised full-year sales growth guidance to 12%-13% from 10%-12%, lifting the adjusted EBITDA outlook to $215 million-$220 million from $210 million-$220 million.
• Capital spending guidance fell to $125 million-$150 million from approximately $150 million as manufacturing productivity gains enabled investment deferrals.

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