Local Bounti Posts 28% Sales Gain in Q2

Local Bounti (NYSE:LOCL), a controlled environment agriculture company specializing in sustainably grown produce, reported its second quarter 2025 earnings on August 13, 2025. The most significant news from this release was that while sales grew significantly compared to the prior-year quarter, GAAP revenue of $12.1 million fell short of the $12.4 million analyst consensus and management’s upper guidance range. Adjusted gross margin inched higher to 30%, and net loss (GAAP) narrowed due to lower interest costs following recent debt restructuring. While the company continued to make headway on disciplined cost controls and showcased further improvement in operational efficiency, the quarter’s results did not meet revenue growth expectations and profitability targets were pushed further out. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Local Bounti (NYSE:LOCL) operates indoor agriculture facilities that use its proprietary Stack & Flow Technology to produce leafy greens, herbs, and salad kits. The company grows vegetables in hybrid facilities, combining vertical farming and greenhouses, which enables it to maximize production yield per square foot and reduce input costs like water and land. It supplies produce to approximately 13,000 stores across 35 states, with major retail partnerships in place.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool