Real Good Food Company, Inc. - RGF STOCK NEWS

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.

The Real Good Food Company (Nasdaq: RGF) reported a strong first quarter for 2022, with net sales of $37.6 million, a 124% increase from the prior year. The increase is attributed to growth in the club channel and heightened demand from retail customers. Despite achieving gross profit of $4.2 million, margins were impacted by rising labor and raw material costs. The company anticipates reaching Adjusted EBITDA positivity by Q4 2022, following the ramp-up of its Bolingbrook facility, which aims to add $200 million in capacity. The updated guidance for 2022 estimates net sales of $150 million to $160 million.

The Real Good Food Company (Nasdaq: RGF) has launched its new crispy chicken shell tacos in approximately 3,500 Walmart stores across the U.S. as of May 10, 2022. These tacos, which are 100% grain-free and gluten-free, contain only 2g of net carbs and offer 25g of protein per serving. The product, developed in collaboration with Cacique, comes in three varieties: seasoned beef with cheddar, pulled chicken with cheese, and shredded chicken with special salsas. This launch aims to boost accessibility to nutritious options for health-conscious consumers.

The Real Good Food Company (Nasdaq: RGF) plans to announce its first quarter results for 2022 on May 13, 2022, before market open. A conference call will be held at 8:30 a.m. ET on the same day to discuss the results, with options for U.S. and international listeners to participate. The call will also be available via webcast on the Company's website, where it can be accessed for 30 days post-event. Real Good Foods focuses on health-conscious frozen food products, available in over 16,000 stores nationwide.

The Real Good Food Company (Nasdaq: RGF) announced a new rewards program for shareholders in partnership with TiiCKER. This program allows qualified shareholders to redeem perks such as free shipping, access to exclusive merchandise, and Visa gift cards. Shareholders must create a TiiCKER account and connect their brokerage to avail themselves of these benefits. The initiative aims to foster direct communication with investors while enhancing community engagement. Real Good Foods, known for its healthy frozen meals, operates in over 16,000 retail locations nationwide.

The Real Good Food Company (Nasdaq: RGF) introduced a shareholder rewards program through TiiCKER on April 26, 2022. This program offers qualified shareholders perks including free shipping, access to exclusive merchandise, and Visa Gift cards. Shareholders can redeem these perks by creating a TiiCKER account. The initiative aims to enhance community engagement and strengthen relationships between Real Good Foods and its investors. TiiCKER provides a platform for direct-to-shareholder marketing, allowing companies to connect with retail investors effectively.

The Real Good Food Company (Nasdaq: RGF) reported significant growth in its recent SPINS retail scanner performance data for the four-week period ending March 20, 2022. The overall frozen food category grew by 5.8%, while the health and wellness frozen food subcategory, which includes Real Good Foods, increased by 8.8%. Notably, the Real Good Foods brand experienced a remarkable growth of 58%, with core products, including entrées and breakfast items, soaring by 146%. These results underscore the brand's strong velocity growth of 101%.

The Real Good Food Company (Nasdaq: RGF) has opened a new manufacturing facility in Bolingbrook, Illinois, aimed at more than doubling its production capacity. This USDA-certified plant is crucial to the Company's growth strategy, expected to add $200 million in capacity by year-end, supporting net sales of $250 to $300 million when fully operational. The facility will decrease costs, improve margins, and enhance profitability by utilizing high-throughput production lines for current and future product innovations.