Real Good Foods Highlights Another Record Dollar Sales Figure in the Most Recent SPINS Measured Channel Results
2023年10月3日 - 9:31PM
The Real Good Food Company, Inc. (Nasdaq: RGF) (“Real Good Foods”
or the “Company”), a leading health and wellness frozen and
refrigerated food company, today released the U.S. SPINS retail
scanner performance data across all its products from the most
recent period ending September 10th, 2023(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.
Real Good Foods posted record dollar sales of
$9.94 million in the four-week period ending September 10th,
representing 27% growth compared to a year ago. For perspective,
both the $9.9 million and 27% year over year growth represent
significant acceleration compared to the 13, 26 and 52 week period.
Furthermore, the company continues to expect the growth rates to
continue to accelerate for the remainder of the year owing to the
strong momentum.
- The overall
Frozen category (2) was down 0.4% over the four-week period.
- The Health &
Wellness Frozen Food subcategory (2), which includes Health and
Wellness focused brands like Real Good Foods, grew modestly at 0.7%
over the four-week period.
- The Real Good
Foods brand in total grew 27% over the four-week period compared to
a year ago, and 73% compared to two years ago.
- Real Good Foods
base product velocities grew 20% compared to a year ago and total
distribution points (TDP’s) grew 13% compared to a year ago.
Bryan Freeman, Executive Chairman at Real Good
Foods, said: “These results demonstrate the rapidly growing
Consumer and Retailer demand for our products across all our
strategic platforms – Breaded Chicken, Global Entrees, and
Breakfast. Consumers are realizing that by buying our products,
they can enjoy the foods they love without loading up on sugar or
processed carbohydrates. Today, 88% of U.S. consumers are
struggling with metabolic health conditions related to diet, and it
is important these consumers have healthier options. Our mission is
to drive access and simply help people feel better every day, and
live healthier lives.”
Sources: 1. SPINS Total US MULO, excluding Costco, dollar sales
for 4-week ending September 10th, 2023 2.The “Overall Frozen
Category” and “Health & Wellness Frozen” category excludes
Frozen and Refrigerated Meat, Poultry & Seafood.
About The Real Good Food
Company
Real Good Foods (NASDAQ: RGF) is a leading
health and wellness frozen and refrigerated foods company,
providing a better way to enjoy your favorite foods. The Company’s
mission is to provide “Real Food You Feel Good About Eating”,
making delicious, nutritious foods that are low in sugar, low in
carbohydrates and high in protein. The Real Good Foods family of
products includes breakfast, lunch, dinner, and snacks – available
in over 16,000 stores nationwide with additional direct-to-consumer
options.
To learn more, please visit our website at
realgoodfoods.com or join us on social media @realgoodfoods – where
we maintain some of the largest followings in the frozen food
industry today.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995, which
statements are subject to considerable risks and uncertainties.
Forward-looking statements include all statements other than
statements of historical fact contained in this press release,
including statements regarding its projected financial results,
including net sales, adjusted gross margin, and adjusted EBITDA and
its ability to increase production at its new facility, improve
profitability and meet its long-term growth objectives. The Company
has attempted to identify forward-looking statements by using words
such as "believe," "estimate," "expect," "intend," "may," "plan,"
"predict," "project," "should," "will," or "would," and similar
expressions or the negative of these expressions.
Forward-looking statements represent
management's current expectations and predictions about trends
affecting the Company’s business and industry and are based on
information available as of the time such statements are made.
Although the Company does not make forward-looking statements
unless it believes it has a reasonable basis for doing so, it
cannot guarantee their accuracy or completeness. Forward-looking
statements involve numerous known and unknown risks, uncertainties
and other factors that may cause its actual results, performance or
achievements to be materially different from any future results,
performance or achievements predicted, assumed or implied by the
forward-looking statements. Some of the risks and uncertainties
that may cause its actual results to materially differ from those
expressed or implied by these forward-looking statements are
described in the section entitled "Risk Factors" in its Annual
Report on Form 10-K for the year ended December 31, 2022. In
addition, readers are cautioned that the Company may make future
changes to its business and operations in response to the impacts
of the COVID-19 pandemic, supply chain disruptions and
macroeconomic challenges, or in response to other business
developments, which changes may be inconsistent with the Company’s
prior forward-looking statements, and which may not be disclosed in
future public announcements.
Media Relations ContactAJ Stiffelman
AJ@realgoodfoods.com
Investor Relations ContactAkshay Jagdale (856)
955-1453 ir@realgoodfoods.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/875181a7-3dcb-499d-82e9-56218343d986
Real Good Food (NASDAQ:RGF)
過去 株価チャート
から 4 2024 まで 5 2024
Real Good Food (NASDAQ:RGF)
過去 株価チャート
から 5 2023 まで 5 2024