Refrigerated Pet Food Stocks Plunge 8% in a Day, Nearly 300 Billion Won Vanishes

On the most recent trading day on Nasdaq, Freshpet Inc. (FRPT) closed at $50.42, down 8.34%, on trading volume of approximately 1.67 million shares.

The sharp share decline erased about $190 million in market capitalization in a single day (roughly KRW 300 billion), bringing Freshpet’s total market value to around $2.48 billion (approximately KRW 3.8 trillion).

In May, Freshpet reported first-quarter 2026 results of $297.64 million in revenue and $48.51 million in net income, turning profitable after a loss in the prior year and prompting management to raise its full-year 2026 revenue outlook. On May 21, the company also announced a new share-repurchase authorization of up to $150 million, further enhancing its shareholder-return policy.

Headquartered in New Jersey, Freshpet is a refrigerated, fresh-pet-food company that has grown by placing dedicated refrigerated units for its products in supermarkets and mass-merchandise retailers. Recently, the company earned the Clean Label Project’s “Purity” award for its entire North American product line, underscoring its focus on quality and safety to strengthen brand trust in the premium pet-food market.