 | |
| Type | Public company |
|---|---|
| |
| Industry | Pet food |
| Founded | 2006 |
| Headquarters | Secaucus, New Jersey, U.S. |
| Products | refrigerated pet food |
| Revenue |  US$318.79 million (2020) [1] |
| US$-3.19 million [2] (2020) | |
Number of employees | 591 [3] |
| Website | freshpet |
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]
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]
Freshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO. [10] [11] with a market capitalization of $447 million. [11]
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. [12] Also
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]
Freshpet's cat food and dog food products are marketed as fresh, requiring refrigeration [4] since the company's products have no preservatives. [13] Freshpet was the first to distribute pet food in the fresh and refrigerated category across North America. After a 2007 crisis of wet and dried dog food tainted by melamine, Freshpet's uncontaminated fresh food products experienced rapid growth in the number of stores carrying them. [14] [15]
As of 2021, the company's pet-food brands include Freshpet, Dog Joy, DogNation, Spring & Sprout, [16] Vital, Homestyle Creations, and Nature's Fresh. [17]
Pets.com was a dot-com enterprise headquartered in San Francisco, U.S, that sold pet supplies to retail customers. It began operations in November 1998 and liquidated in November 2000. A high-profile marketing campaign gave it a widely recognized public presence, including an appearance in the 1999 Macy's Thanksgiving Day Parade and an advertisement in the 2000 Super Bowl. Its popular sock puppet advertising mascot was interviewed by People magazine and appeared on Good Morning America.
The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee. Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.
Conagra Brands, Inc. is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500.
Dole plc is an Irish agricultural multinational corporation headquartered in Dublin, Ireland. The company is among the world's largest producers of fruit and vegetables, operating with 38,500 full-time and seasonal employees who supply some 300 products in 75 countries. Dole reported 2021 revenues of $6.5 billion.
Odwalla Inc. was an American food product company selling fruit juices, smoothies and food bars founded in Santa Cruz, California in 1980 and from 1995–2020 was headquartered in Half Moon Bay, California. Odwalla's products included juices, smoothies, soy milk, bottled water, organic beverages, and several types of energy bars, known as "food bars".
Bob Evans Restaurants, also known as Bob Evans, is an American chain of restaurants owned by Golden Gate Capital based in New Albany, Ohio. After its founding in 1948 by Bob Evans (1918–2007), the restaurant chain evolved into a company with the corporate brand name "Bob Evans Farms, Inc." (BEF), and eventually established a separate food division to handle the sale of its products in other markets.
PetSmart is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target. As of 2020, PetSmart has more than 1,650 stores in the United States, Canada, and Puerto Rico. Its stores sell pet food, pet supplies, pet accessories, and small pets. Stores also provide services including grooming, dog daycare, dog and cat boarding, veterinary care via in-store third-party clinics, and dog training. They also offer dog and cat adoption via in-store adoption centers facilitated by the nonprofit PetSmart Charities.
Petco Health and Wellness Company, Inc. is an American pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals.
Hill's Pet Nutrition, Inc., marketed simply as "Hill's", is an American pet food company that produces dog and cat foods. The company is a subsidiary of Colgate-Palmolive.
Thrifty Car Rental is an American car rental agency, headquartered in Estero, Florida, with offices in many countries around the world. Thrifty is owned by The Hertz Corporation, along with other agencies including Hertz Rent A Car and Dollar Rent A Car. Thrifty typically caters to budget-conscious leisure travelers.
Beneful is a brand of dog food products by Nestlé Purina PetCare global that includes wet dog food, dry dog food and dog treats. As of 2012, it was the fourth most popular dog food brand, generating more than $1.5 billion in annual revenues. According to a SWOT analysis by Marketline, Beneful is one of Nestle Purina's more significant brands by revenue.
Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, USA. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, frozen foods, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 380 stores in 23 states.
This timeline of the 2007 pet food recalls documents how events related to the 2007 pet food recalls unfolded. Several contaminated Chinese vegetable proteins were used by pet food makers in North America, Europe and South Africa, leading to kidney failure in animals fed the contaminated food. Both the centralization of the pet food industry and the speed and manner of the industry and government response became the subjects of critical discussion.
Pet, Inc. was an American company that was the first to commercially produce evaporated milk as a shelf-stable consumer product with its "PET Milk" brand. While evaporated milk was popular before refrigerators were common in homes, sales peaked in the 1950s and it is now a niche product used in baking and as a cooking ingredient.
Verisk Analytics, Inc. is an American multinational data analytics and risk assessment firm based in Jersey City, New Jersey, with customers in insurance, natural resources, financial services, government, and risk management sectors. The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support consultations in areas including fraud prevention, actuarial science, insurance coverage, fire protection, catastrophe and weather risk, and data management.
Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Plantation, Florida. In 2017, Chewy was acquired by PetSmart for $3.35 billion, which was the largest ever acquisition of an e-commerce business at the time.
Two River Group Holdings is a New York-based venture capital firm and merchant bank focused on the life science sector. It specializes in investments in life science, biotechnology, and in firms focused on developing preventive and therapeutic technologies for a broad spectrum of disease areas including oncology, cardiovascular disease, neurological disorders, and companion animal health care.
Simmons Foods and its affiliates process and supply poultry, pet, and animal food. It supplies retail products and wholesale products to other manufacturers, including manufacturing wet pet food for different brands. Operations are based in Arkansas, Missouri, Iowa, Pennsylvania, Delaware, New Jersey, and Canada.
Whistle Labs Inc. is a subsidiary of Mars Petcare headquartered in San Francisco, California. It produces and markets the Whistle GPS Pet Tracker, a device worn on a pet's collar that monitors its activity and location. In addition to pet owners, the devices have been used by veterinary researchers.
Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.