Real Good Food jumps on upbeat Q4 sales forecast

Real Good Food

10/11/2023 14:58

** Shares of frozen food maker Real Good Food Co  RGF.O  up
10% at $1.86 
    ** Co expects Q4 sales in the range of $65 mln to $72 mln,
the midpoint of which is above LSEG estimate of $68 mln
    ** RGF now sees adj. gross margin to be at least 26% for the
year ending Dec. 31 vs. earlier forecast of at least 24%
    ** However, co posts Q3 loss per of 50 cents vs estimate of
loss of 17 cents
    ** Up to Thursday's close, stock had fallen 74.5% this year

 (Reporting by Juby Babu in Bengaluru)
 ((Juby.Babu@thomsonreuters.com;))