Freshpet launches its first apparel collection in collaboration with the singer just in time for the holidays, with 100% of proceeds going to animal rescues BEDMINSTER, N.J., Oct. 1, 2024 /PRNewswire/ -- Freshpet (NYSE: FRPT) today launches its first-ever apparel collection with its global superstar partner Meghan Trainor in time for the holiday season. The collection includes a "Dog Mom" and "Dog Dad" sweatshirt - sold separately or bundled with other pet-related products. Available only on https://shop.fr ...

Financial Data and Key Metrics Changes - Revenues decreased by 6% to $18.7 million, while adjusted EBITDA increased to a record $1.6 million, driven by reduced marketing spend [5][10] - Adjusted EBITDA margin improved to 8.8%, significantly up from 0.5% a year ago and 0.7% from the first quarter of this year [6][10] - Platform participants decreased by 15% year-over-year to 467,000, but revenue per user increased [7][11] Business Line Data and Key Metrics Changes - Revenue from wellness was $11.5 million, while services revenue was $5.6 million, with a notable increase of $1.5 million in services [10] - Sales and marketing expenses totaled $11 million, representing 59% of revenue, up from 54% a year ago but down from 67% in Q1 [11][12] - General and administrative expenses were $3.8 million, representing 20% of revenue, down from 24% a year ago due to cost optimizations [12] Market Data and Key Metrics Changes - The company is seeing increased demand for premium pet care services despite a shaky macroeconomic backdrop, particularly in wellness categories [21] - The competitive landscape in the pet category remains healthy, with an improved consumer environment for premium households compared to the previous quarter [14] Company Strategy and Development Direction - The company is focused on building best-in-class software solutions for premium pet households, with an emphasis on wellness, insurance, and prescription medications [8] - Plans for product expansion, proprietary partnerships, and opportunistic M&A are in place, with successful integrations of Dog Food Advisor, Maxbone, and Furmacy [8] - The company aims to balance growth and profitability, with a target of 8% to 12% EBITDA margins in the future [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects of the prescription B2B SaaS platform and the veterinary channel [8] - The focus remains on debt refinancing and generating free cash flow, with expectations to return to growth in the latter half of the year [17][18] - The company anticipates a revenue guidance of $92 million to $102 million for 2024, representing a growth of 10% to 22% over 2023 [14] Other Important Information - The company completed a $10 million public offering to pay down a significant portion of its debt, which is expected to generate approximately $340,000 in quarterly interest cost savings starting in Q3 [5][13] - The company ended the quarter with $17 million in cash and equivalents, positioning itself for a debt refinancing that could significantly reduce interest expenses [12][13] Q&A Session Summary Question: How is the company thinking about leaning back into marketing after the financing? - Management indicated that the priority is to refinance the remaining debt before leaning back into growth and marketing investments [17] Question: Can you elaborate on the demand for premium pet care services? - Management noted that premium pet care, particularly wellness categories, has shown durability despite a shaky macro backdrop [21] Question: What improvements in ARPU have been observed? - The company has seen a double-digit increase in ARPU due to a higher mix of returning customers and internal actions focused on cross-selling and up-selling [22][23] Question: What is the expected timeline for debt refinancing? - Management expects to close the refinancing in the second half of the year, aiming for a reduction in interest rates from 15.8% to around 10% [24][25] Question: How will G&A costs scale with revenue growth? - G&A costs are expected to increase slightly but will not scale proportionally with revenue, thanks to efficiencies achieved through headcount and technology [25] Question: What support is needed for launching WeCompare next year? - The company has done significant preparatory work for WeCompare and expects to add some headcount and marketing support, but not at a significant investment level [27]

分组1 - Wag! Group Co. reported a quarterly loss of $0.06 per share, which is an improvement from a loss of $0.09 per share a year ago, aligning with the Zacks Consensus Estimate [1] - The company posted revenues of $18.65 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.27%, but down from $19.82 million in the same quarter last year [2] - Wag! Group Co. shares have declined approximately 40.1% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] 分组2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for Wag! Group Co. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $26.45 million, and -$0.26 on revenues of $91.9 million for the current fiscal year [7] 分组3 - The Consumer Services - Miscellaneous industry, to which Wag! Group Co. belongs, is currently ranked in the top 42% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware 8 ...

Exhibit 99.1 Wag! Reports Second Quarter 2024 Results Quarterly Net Loss of $2.3 Million Achieved Record Quarterly Adjusted EBITDA of $1.6 Million SAN FRANCISCO – (BUSINESS WIRE) – August 07, 2024 – Wag! Group Co. (the "Company" or "Wag!"; Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: • Revenues decreased ...

Clermont-Ferrand (France) and Doncaster, England (UK), Tuesday 6 August 2024 (06.45 CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and FCC Environment UK ("FCC"), one of the UK's leading recycling and waste management companies, have signed a Letter of Intent (LOI) to jointly study the implementation of a UK-based plant using CARBIOS' PET biorecycling licensed technology. CARBI ...

Clermont-Ferrand (France) and Adana (Turkey), Thursday 1 August 2024 (6pm CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and SASA, one of the world's leading manufacturers of polyester, fiber, filament yarn, polyester-based polymers, specialty polymers and intermediates, have signed a Letter of Intent (LOI) to cooperate through SASA's potential acquisition of a license for CARB ...

Wag! Group Co. (PET) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than ex ...

Clermont-Ferrand (France) and Hangzhou (China), Thursday 27 June (6.45am CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and Zhink Group, one of China's Top 500 Private Enterprises, specializing in two global industries, PET and textiles, announce today the signing of a joint Letter of Intent to build a biorecycling plant in China using CARBIOS' revolutionary enzymatic depolymer ...

Wag! Group Co (NASDAQ:PET) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Greg Robles - IR Garrett Smallwood - CEO & Chairman Adam Storm - President & Chief Product Officer Alec Davidian - CFO Conference Call Participants Matt Koranda - ROTH Capital Partners Jason Helfstein - Oppenheimer Greg Pendy - Chardan Capital Markets Operator Good morning and welcome to the Wag! First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I'll now introduce your host, Greg Roble ...