Real Good Food Clocks 15% Growth In Q2 Revenues, Ramps Up Production Growth At Illinois Facility
The Real Good Food Company, Inc. RGF reported second-quarter FY23 sales growth of 14.8% year-on-year to $35.36 million, beating the consensus of ...
August 15, 2023
5:14 AM
The Real Good Food Company, Inc. RGF reported second-quarter FY23 sales growth of 14.8% year-on-year to $35.36 million, beating the consensus of $34.60 million. This increase was primarily due to increases in sales velocities of products in the club channel and distribution growth in the measured channel to a lesser extent. 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. Gross margin grew to 13.
Nabarna Bhattacharya