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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 13, 2022
Page
8
Real Good Food Co. releases first quarter results as a newly public company since October. Sales more than doubled in the fourth quarter driven by entrees and breakfast meals, but losses rose from higher raw materials labor and equity compensation costs. Investors await guidance on sales trends into summer.
Dr. Steven Abrams of the University of Texas Austin warns that the formula shortage will persist for months as parents struggle to find supplies. Disruptions and a major safety recall have pulled several leading brands from shelves amid shifting commodity figures.
A choppy day on Wall Street left major indices mixed as earlier declines narrowed in the final hour. Walt Disney drops on softer second quarter earnings while Beyond Meat slides after reaffirming full year revenue forecast. Tapestry climbs after beating fiscal third quarter forecasts.
Judge Kay Huff issued a warrant after a defendant failed to appear on November 2, 2021. Tolbert was later arrested by U.S. Marshals in April, released on $100,000 bond, and placed on GPS monitoring and house arrest until a June 17 preliminary hearing. Moreno pleaded guilty to aggravated robbery and aggravated burglary, faces 64 months, with a $12,000 restitution request, and a June 14 sentencing set by Judge Huff.
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