Barfresh Food Group, Inc. Provides Earnings Guidance for the Year 2023
April 27, 2023 at 04:05 pm EDT
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Barfresh Food Group, Inc. provided earnings guidance for the year 2023. The Company expects to achieve higher revenue and gross margins in 2023 compared to 2022. The Company continues to expect gross profit margins for the remaining quarters of 2023 to be consistent with the first quarter of 2023, in the high 30's to low 40's.
Barfresh Food Group, Inc. is engaged in the manufacturing and distribution of ready-to-drink and ready-to-blend frozen beverages. Its portfolio of products includes smoothies, shakes and frappes. Its ready-to-drink smoothie, Twist & Go, is focused on the USDA national school meal program, including the school breakfast program, the national school lunch program and smart snacks in schoolsâ program. This sweet fruit and creamy yogurt smoothie contains four ounces of yogurt and a half-cup of fruit/fruit juice and comes in three different flavors: strawberry banana, peach and mango pineapple. Its bulk Easy Pour format, which contains all the ingredients necessary to make the beverage. Its single-serve format features portion-controlled and ready-to-blend beverage ingredient packs or beverage packs. The beverage packs contain all the ingredients necessary to make the beverage, including the base, real fruit pieces, juices and ice-five ounces of water are added before blending.
BARFRESH FOOD GROUP, INC. 
