Freshpet 2021 Outlook Reduced
<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/FRPT'>Freshpet, Inc. (NASDAQ:FRPT)</a> following their meeting with the company’s management. </p>
<p>The brokerage said it continues to look favorably upon the longer-term opportunity, but execution risk remains high in the current dynamic supply chain backdrop as evidenced by four consecutive misses from the management team. </p>
<p>The company’s management lowered its full 2021-year outlook, now expecting net sales of $425–430 million, down from $445 million previously. Adjusted EBITDA is now expected to be $42 million vs. a prior forecast of $50 million. Management cited supply chain challenges as a key driver of the reduction, which drove a temporary decrease in production. This represents the fourth consecutive shortfall vs. expectations, suggesting management's continued challenges in forecasting its business.</p>

NASDAQ:FRPT