The Real Good Food Company, Inc. (NASDAQ: RGF) reported third-quarter FY23 sales growth of 48% year-on-year to $55.565 million, beating the consensus of $55.436 million.
This Y/Y increase was due to increases in new distribution points and, to a lesser extent, an increase in units sold in existing distribution points.
Q3 gross profit increased by $9.8 million to $11.6 million, driven by increased sales and improvements in certain manufacturing and raw material costs. Gross margin grew to 20.9% of net sales from 4.7% in the year-ago period.
The company reported EPS loss of $(0.50)Full story available on Benzinga.com