Real Good Food jumps on raising low end of 2022 sales forecast range

Real Good Food

12/08/2022 15:34

** Shares of frozen food maker Real Good Food Co Inc  RGF.O 
up ~5% at $7.26
    ** Raises low end of forecast range for 2022 net sales 
    ** Expects 2022 net sales of about $155 mln-$160 mln vs $150
mln-$160 mln estimated previously
    ** Q2 net sales up 64.9% at $30.8 mln, driven by strong
demand for its products from existing retail and club customers
    ** However, Q2 net loss widened to $11.1 mln from $5.9 mln a
year earlier  urn:newsml:reuters.com:*:nGNX6k9jG1
    ** Stock has risen ~17% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))