Real Good Food Clocks 15% Growth In Q2 Revenues, Ramps Up Production Growth At Illinois Facility
Portfolio Pulse from Nabaparna Bhattacharya
The Real Good Food Company, Inc. (NASDAQ:RGF) reported a 14.8% YoY increase in Q2 FY23 sales to $35.36 million, beating the consensus of $34.60 million. The increase was primarily due to increases in sales velocities of products in the club channel and distribution growth in the measured channel. Q2 gross profit increased by $2.5 million to $4.8 million, driven by decreases in certain raw material costs and productivity and efficiency improvements. The company maintained its FY23 sales guidance of at least $200 million.
August 11, 2023 | 2:48 pm
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Real Good Food's Q2 FY23 sales growth and maintained FY23 sales guidance could positively impact its stock price.
The company's reported sales growth and maintained sales guidance indicate a strong financial performance, which could increase investor confidence and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100