Streetbeat News

LOCL

Local Bounti Corporation

https://localbounti.com

Industry

Agricultural Farm Products

Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.

Open

2.58

Mkt cap

21M

Volume

4.5K

High

2.58

P/E Ratio

-0.14

52-wk high

4.60

Low

2.41

Div yield

N/A

52-wk low

1.56

Local Bounti shares are trading higher despite the company reporting worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:09 pm

Local Bounti Corp has announced its sales expectations for FY24, projecting between $50 million and $60 million, which is slightly below the estimated $55.892 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:19 am

Local Bounti (NYSE: LOCL) reported Q2 2024 GAAP EPS of $(3.00), missing the $(2.32) estimate by 29.31%. Sales were $9.443M, missing the $11.150M estimate by 15.31%, but up 31.46% from $7.183M last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:18 am

Local Bounti has announced an expanded distribution agreement with Sam's Club for its leafy greens production. This move is expected to increase the availability of Local Bounti's products and potentially boost its revenue.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 12:09 pm

Local Bounti has appointed Kathleen Valiasek as its new President and CFO. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:04 pm

Local Bounti has announced that the New York Stock Exchange (NYSE) has accepted its plan to regain compliance with listing standards. This development is crucial for the company to maintain its listing on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:13 pm

The article highlights the intraday movements of 12 consumer staples stocks on Wednesday. Notable gainers include Bruush Oral Care (BRSH), Planet Green Holdings (PLAG), Davis Commodities (DTCK), United Natural Foods (UNFI), Dingdong (Cayman) (DDL), and Vintage Wine Estates (VWE). Significant losers include Edible Garden AG (EDBL), Yatsen Holding (YSG), Mangoceuticals (MGRX), Local Bounti (LOCL), Shineco (SISI), and Lifeway Foods (LWAY).

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:31 pm

Local Bounti Corp (LOCL) has provided its FY24 sales guidance, projecting revenues of $50M-$60M, which is below the estimated $61.7M. This forecast is based on production from its operational facilities in Georgia, California, and Montana, with additional contributions from its Texas and Washington facilities as they ramp up.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:06 pm

Local Bounti (NYSE:LOCL) reported Q1 2024 earnings with a GAAP EPS of $(2.89), missing the $(2.15) estimate, and sales of $8.383M, slightly below the $8.400M estimate. Despite these misses, the company saw a 4.93% decrease in losses per share and a 25.16% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:21 am

Local Bounti announced the opening of a new Controlled Environment Agriculture facility in Pasco, Washington, set to open on May 7. This expansion signifies the company's growth in the sustainable agriculture sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:51 pm

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