Real Good Foods Expands Breaded Chicken & Asian Entrees Platforms To 4,000+ Walmart Stores
Portfolio Pulse from Shivani Kumaresan
Real Good Food Company Inc (NASDAQ:RGF) is expanding its Breaded Chicken and Asian Entrees platforms into Walmart Inc. (NYSE:WMT) stores nationwide. By the end of June 2023, over 4,000 Walmart stores will carry these items. This expansion is expected to reach over 90% of all Americans as they live within ten miles of a Walmart store. However, RGF shares are trading lower by 3.39% at $3.42.
June 27, 2023 | 5:16 pm
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NEUTRAL IMPACT
Walmart will carry Real Good Food's Breaded Chicken and Asian Entrees in over 4,000 stores nationwide.
The addition of Real Good Food's products to Walmart's offerings could potentially attract more customers. However, it's unclear how this will impact Walmart's stock in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75
NEGATIVE IMPACT
Real Good Food's expansion into Walmart stores could potentially increase its market reach and sales, but its shares are currently trading lower.
The expansion into Walmart stores is a positive move for Real Good Food as it increases its market reach. However, the current decrease in share price indicates a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100