By Dean Seal
Real Good Food has lowered the upper end of its revenue guidance range for 2023 and provided preliminary guidance for further sales growth in 2024.
The frozen-foods company said it now expects $185 million to $192 million in annual sales, dropping the ceiling of its previous guidance for up to $194 million. The new range represents 31% to 36% growth from the 2022 total.
Real Good Foods also now expects a slightly higher gross margin rate for the year.
For 2024, the company is looking for at least $245 million in sales.
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