Freshpet Expansion and Growth Strategy

Delivering significant leverage from scale in SG&A freshpet SG&A Leverage Q1 2018 Q1 2019 Y-O-Y Change Adj. SG&A % Excluding Media 30.1% 27.0% 3.1% Media % 16.0% 18.3% -2.4% Total Adj. SG&A % 46.0% 45.4% 0.7% 39

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