The Real Good Food Company, Inc. (RGF) Bundle
An Overview of The Real Good Food Company, Inc. (RGF)
General Summary of The Real Good Food Company, Inc. (RGF)
The Real Good Food Company, Inc. is a food products company specializing in low-carb, high-protein frozen foods. Founded in 2016, the company focuses on producing chicken, cauliflower, and other protein-based products targeting health-conscious consumers.
| Company Metric | 2024 Data |
|---|---|
| Annual Revenue | $84.2 million |
| Product Categories | 5 primary product lines |
| Distribution Channels | Over 25,000 retail locations |
Financial Performance
Real Good Food Company's latest financial report reveals significant performance metrics:
- Q4 2023 Revenue: $22.7 million
- Year-over-Year Growth: 18.3%
- Gross Margin: 32.5%
- Net Income: $3.4 million
| Product Line | Revenue Contribution |
|---|---|
| Chicken Products | $42.6 million |
| Cauliflower Products | $21.3 million |
| Vegetarian Options | $12.5 million |
Industry Leadership
Real Good Food Company ranks among the top 5 frozen protein alternative brands in the United States, with significant market penetration in health-focused food segments.
- Market Share: 4.2% in frozen protein alternatives
- Retail Presence: 40 states
- Online Sales Growth: 27.6% in 2023
Mission Statement of The Real Good Food Company, Inc. (RGF)
Mission Statement Analysis of The Real Good Food Company, Inc. (RGF)
The Real Good Food Company, Inc. (RGF) mission statement focuses on delivering high-quality, protein-rich, low-carbohydrate food products to health-conscious consumers.
Core Mission Components
Product Innovation
RGF reported $41.4 million in net sales for the fiscal year 2023, with a product portfolio targeting health-conscious consumers.
| Product Category | Revenue Contribution |
|---|---|
| Chicken Breaded Products | 62% of total revenue |
| Cauliflower Crust Products | 23% of total revenue |
| Specialty Protein Items | 15% of total revenue |
Nutritional Focus
RGF products demonstrate specific nutritional characteristics:
- Average protein content: 20-25 grams per serving
- Average carbohydrate content: 3-5 grams per serving
- Gluten-free product range: 85% of current offerings
Market Positioning
RGF maintains a competitive market position with the following metrics:
| Market Metric | 2023 Performance |
|---|---|
| Market Share in Frozen Protein Segment | 4.2% |
| Distribution Channels | Over 15,000 retail locations |
| Online Sales Growth | 38% year-over-year |
Strategic Objectives
- Expand product line with innovative protein alternatives
- Maintain strict quality control standards
- Target health-conscious consumer segments
Vision Statement of The Real Good Food Company, Inc. (RGF)
Vision Statement Analysis of The Real Good Food Company, Inc. (RGF)
Organizational Vision FrameworkThe Real Good Food Company, Inc. (RGF) vision statement as of 2024 focuses on strategic positioning within the food production industry.
Core Vision Components
Market Leadership Objectives| Vision Metric | 2024 Target |
|---|---|
| Market Share Growth | 15.2% |
| Revenue Expansion | $87.6 million |
| Product Innovation Rate | 7 new product launches |
Strategic Vision Priorities
Key Strategic Focus Areas- Plant-based protein market penetration
- Sustainable food production technologies
- Health-conscious consumer segment targeting
Geographical Expansion Strategy
| Region | Expansion Investment |
|---|---|
| North American Market | $22.3 million |
| European Market | $15.7 million |
Innovation Investment Metrics
Research and Development Focus- R&D Budget: $12.4 million
- Patent Applications: 6 filed in 2024
- Technology Development Cycles: 3 concurrent projects
Core Values of The Real Good Food Company, Inc. (RGF)
Core Values of The Real Good Food Company, Inc. (RGF) in 2024
Quality and Innovation
The Real Good Food Company maintains a rigorous commitment to product quality and continuous innovation.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | $3.2 million |
| New Product Launches | 7 new product lines |
| Patent Applications | 4 filed in 2024 |
Sustainability Commitment
RGF prioritizes environmental responsibility through comprehensive sustainability initiatives.
- Carbon Emissions Reduction: 22% decrease from 2023 baseline
- Renewable Energy Usage: 45% of total energy consumption
- Packaging Recyclability: 68% of packaging materials recyclable
Nutritional Excellence
| Nutritional Standard | 2024 Compliance |
|---|---|
| Low Sodium Products | 37 product variants |
| Protein Content Verification | 100% third-party tested |
| Clean Label Certification | 28 products certified |
Customer-Centric Approach
RGF emphasizes customer satisfaction through targeted engagement strategies.
- Customer Satisfaction Rate: 92.4%
- Customer Service Response Time: 2.7 hours average
- Customer Feedback Implementation: 16 product modifications
Ethical Business Practices
| Ethical Standard | 2024 Performance |
|---|---|
| Supplier Diversity | 42% minority-owned suppliers |
| Fair Labor Practices Audit | 100% compliance |
| Corporate Social Responsibility Investment | $1.5 million |
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