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The Real Good Food Company, Inc. (NASDAQ: RGF) is an innovative and fast-growing entity in the health and wellness-focused frozen food sector. The company specializes in developing, marketing, and manufacturing a variety of delicious and convenient comfort foods that are high in protein, low in sugar, and made from gluten- and grain-free ingredients. These products cater to the clean eating movement, making it easy for consumers to enjoy nutritious meals without compromising on taste.
Founded with the mission to provide 'Real Food You Feel Good About Eating,' the company's first product line of frozen pizzas quickly gained traction in the direct-to-consumer (D2C) market and over 2,000 specialty nutrition stores. By 2017, Real Good Foods expanded into the broader retail pizza category, achieving approximately 70% ACV distribution by August 2018, without relying on third-party distributors.
Since then, Real Good Foods has diversified its product offerings to include frozen snacks and ethnic frozen meals. This expansion has been supported by the company's strong social media presence, boasting over 300,000 followers in just 18 months, driving new users to these categories and boosting sales for retailers.
Recently, Real Good Foods has made headlines for its financial performance and strategic initiatives. On October 31, 2023, the company released its Financial Results for the Quarter Ended September 30, 2023, and provided preliminary guidance for the year ending December 31, 2024. The company expects to achieve positive cash earnings starting in the fourth quarter of 2023 and continuing into 2024.
Furthermore, on November 9, 2023, Real Good Foods entered into a term sheet with PMC Financial Services for a debt refinancing agreement, aimed at enhancing liquidity by $15 million and significantly reducing cash debt service.
The company's products are available in over 16,000 stores nationwide, with additional direct-to-consumer options. Their recent foray into the refrigerated burrito segment within the Club Channel has been particularly notable, offering nutritious options with limited net carbs and high protein content.
For more information or to get in touch, you can follow Real Good Foods on Facebook, Instagram, or Twitter @realgoodfoods, or visit their website at www.realgoodfoods.com.
The Real Good Food Company (NASDAQ: RGF) announced upcoming investor events featuring presentations by Executive Chairman Bryan Freeman and CFO Akshay Jagdale. The events include the Benzinga All-Access Show on October 7, the MicroCap Rodeo on October 12, LD Micro Main Event XV on October 25, and the Q4 Investor Summit on November 14, 2022. Each event will host one-on-one meetings and live webcasts. Real Good Foods focuses on health-conscious frozen foods, offering a range of low-sugar, low-carb, and high-protein options available in over 16,000 stores nationwide.
The Real Good Food Company (Nasdaq: RGF) has announced the launch of its new Asian Entrees line, featuring healthier options like Orange Chicken and General Tso’s. These meals are 100% Grain-Free and Gluten-Free, with only 4-6g net carbs, 1g sugar, and 25g protein per serving. This launch aims to address the high-carb, high-sugar offerings in the frozen food market. Asian Entrees are available at major retailers including Walmart and online at realgoodfoods.com. The company emphasizes its mission to make nutritious comfort foods accessible to consumers.
The Real Good Food Company (NASDAQ: RGF) announced a webcast scheduled for September 14, 2022, at 11:30 a.m. ET. Executive Chairman Bryan Freeman will present an overview of the company's business model and highlight recent milestones. Attendees can join via dial-in or webcast. A replay will be available after the event until September 28, 2022. Founded in 2016, Real Good Foods offers low-carb, high-protein frozen foods accessible in over 16,000 stores, including Walmart and Costco, supporting a healthier lifestyle.
The Real Good Food Company (Nasdaq: RGF) reported a 64.9% increase in net sales to $30.8 million for Q2 2022, driven by strong demand from existing customers. However, gross profit decreased to 7.6% due to higher manufacturing and raw material costs. Adjusted gross profit rose to $6.8 million with an adjusted gross margin of 22.0%. The company anticipates net sales of $155 million to $160 million for the year, reflecting an 84% to 90% increase from 2021. Despite growth, operating loss widened to $9.8 million compared to the previous year.
The Real Good Food Company (Nasdaq: RGF) announced the launch of its new Chicken Nuggets and Strips, expanding into the $8.9B Frozen Meat & Poultry category. These products are designed to provide a nutritious alternative to traditional options, containing only 3g-4g net carbs and 23g protein per serving. The offerings include original and buffalo variants, available at major retailers like Walmart and online.
Executive Chairman Bryan Freeman highlighted the mission to make comfort foods healthier, aiming for improved consumer health and satisfaction.
On July 29, 2022, The Real Good Food Company (Nasdaq: RGF) announced it will report its second-quarter results for the period ending June 30, 2022, on August 12, 2022. The company will host a conference call at 8:30 a.m. ET to discuss the results, which can be accessed by dialing specific numbers for U.S. and international listeners. A replay will be available until August 26, 2022. Real Good Foods, founded in 2016, focuses on healthy frozen food options and is committed to making nutritious comfort foods widely accessible.
The Real Good Food Company (Nasdaq: RGF) announced the expansion of its Breakfast platform with new Breakfast Bowls and Breakfast Bites. These offerings build on the success of their Breakfast Sandwiches, which hold the top spot in the Frozen HWI Breakfast category. The Breakfast Bowls feature nutritious ingredients like eggs and cheese, while the Breakfast Bites utilize a grain-free shell made from Lupin bean and cauliflower. Available in selected grocery stores nationwide, these products aim to provide healthier breakfast alternatives.
Real Good Foods launched its Perks Program in partnership with Stockperks, enhancing community engagement for RGF shareholders. The program offers various perks for investors based on their shareholding levels, including digital gift cards and exclusive access to product tastings.
Shareholders can redeem rewards ranging from Visa gift cards for major retailers to personalized perks for top investors. This innovative initiative aims to strengthen investor relationships and promote a healthier lifestyle through Real Good Foods products.
The Real Good Food Company (Nasdaq: RGF) has launched its new product, Real Good Crispy Tots, available in select Walmart stores and online. These gluten-free and grain-free tots contain 6g net carbs and 10g protein per serving, made from real ingredients like cauliflower and cheese. The launch aims to provide healthier frozen food options for consumers, aligning with the company's mission to enhance nutrition without sacrificing taste. This expansion into Walmart signifies increased accessibility for health-conscious shoppers.
Real Good Food Company (NASDAQ: RGF) launched its newest product, Grande Chicken Enchiladas, in Sam's Club stores nationwide on June 7, 2022. This marks the third product introduction in Sam's Club within six months, indicating strong momentum for the brand. The enchiladas are low-carb and grain-free, made using chicken and cheese instead of traditional grains. Bryan Freeman, Executive Chairman, emphasized the company's mission to improve access to nutritious food options. Real Good Foods aims to enhance consumer health with its range of frozen foods available in over 16,000 stores across the U.S.
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