The Real Good Food Company, Inc. Provides Financial Guidance for the Three Months and Full Year Ending December 31, 2023; Provides Preliminary Financial Guidance for the Year Ending December 31, 2024
November 10, 2023 at 08:10 am EST
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The Real Good Food Company, Inc. provided financial guidance for the three months and full year ending December 31, 2023. For the three months ending December 31, 2023, the company?s net sales are expected to be $65 million to $72 million, representing 83% to 102% year-over-year growth.
For the full year ending December 31, 2023, the company?s net sales are expected to be $185 million to $192 million, representing 31% to 36% year-over-year growth.
The Company is also providing preliminary guidance for the year ending December 31, 2024: net sales of at least $245 million.
The Real Good Food Company, Inc. is a frozen food company. The Company develops, markets, and manufactures foods designed to be high in protein, low in sugar, and made from gluten-and grain-free ingredients that are intended to be sold in the health and wellness (H&W) segment of the frozen food category. It offers nutritious options across breakfast, lunch, dinner, and snacking occasions, which are available in approximately 15,000 stores nationwide, and directly from its website at www.realgoodfoods.com. Its branded products are sold to consumers through an increasing number of locations in retail channels, primarily in natural and conventional grocery, drug, club, and mass merchandise stores, including Walmart, Kroger, and Costco. It produces and sells entrees, bowls, breakfast sandwiches, enchiladas, other H&W products and snacks within the frozen food category. Its craveable products are offered in ready-to-heat and ready-to-cook formats for consumers to prepare.
The Real Good Food Company, Inc. Provides Financial Guidance for the Three Months and Full Year Ending December 31, 2023; Provides Preliminary Financial Guidance for the Year Ending December 31, 2024