Freshpet Inc (STU:7FP)
€ 122.5 -1.1 (-0.89%) Market Cap: 6.72 Bil Enterprise Value: 6.86 Bil PE Ratio: 301.10 PB Ratio: 7.15 GF Score: 79/100

Freshpet Inc at ICR Virtual Conference Transcript

Jan 13, 2021 / 03:30PM GMT
Release Date Price: €116 (-3.33%)
William Bates Chappell
Truist Securities, Inc., Research Division - MD

Good morning, and thank you for joining us for our next presentation of Freshpet. Many of you are well aware of Freshpet's performance over the past year. A leader here in refrigerated pet food sold in over 17,000 locations across the U.S. and Canada and now the U.K., including Walmart, Whole Foods, Costco and a pretty diverse list of retailers. And most of you understand kind of the growth the company has had as they've had the convergence of healthy living and pet ownership in the U.S. and really ridden that wave. I think a lot of you have forgotten, 4 years ago, it's pretty remarkable that we were talking about how -- investors are talking about how the company had peaked, how they had really filled out their niche, how they had no real room for growth from here; how they had some mold issues, as you might remember; and how it was really kind of lost in its way.

And in that time frame, the existing management team steered the ship right. Billy Cyr, one of our speakers and the CEO, came in about 3.5 years ago and stepped up

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