Real Good Foods Highlights Another Consecutive Period of Strong Sales and Velocity Growth in Recent SPINS Data

Rhea-AI Summary

The Real Good Food Company (Nasdaq: RGF) reported strong sales growth for its health-focused frozen food products, with recent SPINS data showing a remarkable 73% increase in brand growth over four weeks ending February 20, 2022. The overall frozen food category grew 4.2%, while the Health & Wellness subcategory expanded by 9.1%. Core products saw incredible growth of 192%, with brand velocities increasing by 118%. This data captures approximately 50% of the company’s sales, emphasizing its position in the market.

Positive

• Brand growth up 73% over four weeks.
• Core products grew by 192%.
• Brand velocities increased by 118%.
• Health & Wellness frozen food subcategory grew 9.1%.

Negative

• None.

CHERRY HILL, N.J., March 15, 2022 /PRNewswire/ -- The Real Good Food Company, Inc. (Nasdaq: RGF) ("Real Good Foods" or the "Company"), an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released the U.S. SPINS retail scanner performance data across all its products from the most recent period ending February 20, 2022⁽¹⁾. For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which represents approximately 50% of the Company's sales.

• The overall Frozen category ⁽²⁾ grew 4.2% over the four-week period.
• The Health & Wellness Frozen Food subcategory ⁽²⁾, which includes Health and Wellness focused brands like Real Good Foods, grew 9.1% over the four-week period.
• Real Good Foods brand in total grew 73% over the four-week period, compared to 68% over the twelve week period.
• Real Good Foods core products, which include Entrée and Breakfast items, grew 192% over the four-week period.
• Real Good Foods Brand velocities grew 118%, and base dollar sales velocities grew 107%.

Real Good Foods Highlights Another Consecutive Period of Strong Sales and Velocity Growth in Recent SPINS Data

Sources: 1. SPINS Total US MULO, excluding Costco, dollar sales for 4-week and 12-week ending February 20, 2022. All comparisons in this paragraph are to the same measured period in the prior year. 2. The "Overall Frozen Category" and "Health & Wellness Frozen" category excludes Frozen and Refrigerated Meat, Poultry & Seafood.

About The Real Good Food Company

Founded in 2016, Real Good Foods believes there is a better way to enjoy our favorite foods. Its brand commitment, "Real Food You Feel Good About Eating," represents the Company's strong belief that, by eating its food, consumers can enjoy more of their favorite foods and, by doing so, live better lives as part of a healthier lifestyle. Its mission is to make nutritious comfort foods that are low in carbohydrates, high in protein, and made from gluten and grain free real ingredients more accessible to everyone, improve human health, and, in turn, improve the lives of millions of people. Real Good Foods offers delicious options across breakfast, lunch, dinner, and snacking occasions available, in over 16,000 stores nationwide, including Walmart, Costco, Kroger, and Target, and directly from its website at www.realgoodfoods.com. Learn more about Real Good Foods by visiting its website or on Instagram at @realgoodfoods, where it has one of the largest social media followings of any brand within the frozen food industry today with nearly 420,000 followers. 

For interviews with Bryan Freeman, Executive Chairman, email realgoodfoods@powerdigital.com. 

Media Contact
Nikole Johnston
realgoodfoods@powerdigital.com

Investor Contact
Chris Bevenour
ir@realgoodfoods.com

 

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SOURCE Real Good Foods

FAQ

What was the sales growth of Real Good Food Company in recent SPINS data?

Real Good Food Company reported a 73% growth in brand sales over the four-week period ending February 20, 2022.

How did Real Good Food's core products perform?

The core products of Real Good Foods experienced 192% growth over the same four-week period.

What is the growth rate of the Health & Wellness frozen food subcategory?

The Health & Wellness frozen food subcategory grew 9.1% over the four-week period.

What percentage of sales does SPINS data capture for Real Good Foods?

SPINS data captures approximately 50% of Real Good Foods' sales.