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Local Bounti Corporation (LOCL)
NYSE:LOCL
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-1.3Last Year’s EPS
-3Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -13.13%
|Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented several positive developments, including significant revenue growth, yield improvements, and strategic partnerships with major retailers. However, these positives were counterbalanced by an increased net loss and persistent adjusted EBITDA losses. The company's restructuring efforts and cost management initiatives are promising, but financial challenges remain evident.Company Guidance
During the Local Bounti's First Quarter 2025 Earnings Conference Call, the company provided guidance indicating a strategic focus on achieving positive adjusted EBITDA by the third quarter of 2025. The first quarter sales reached $11.6 million, marking a 38% year-over-year increase and a 15% sequential rise, driven by enhanced production in Georgia, Washington, and Texas facilities. Adjusted gross margin improved by approximately 500 basis points year-over-year, with a 400 basis point improvement from the previous quarter. Yield at the Georgia facility increased by 20%, attributed to light optimization in the stack phase, with plans to implement similar improvements in Texas and Washington. The company also announced a significant reduction of $197 million in debt through restructuring, which will be amortized over a ten-year period, leading to lower interest expenses. Looking ahead, Local Bounti anticipates second-quarter revenue between $12 million and $12.5 million, with expectations for a material revenue lift in the second half of 2025 due to increased capacity and new product introductions.Revenue Growth
First quarter sales were $11.6 million, representing a 38% increase compared to the first quarter of 2024 and a 15% sequential increase compared to the fourth quarter of 2024.
Yield Improvement
Yields in the Georgia facility increased by 20% in the first quarter compared to the fourth quarter, driven by the refinement of the growing system with the stack phase.
Product Expansion
Expanded Texas grown Arugula offering with Brookshire's in approximately 80 stores and began distributing Organic Living Butter Lettuce from California to HEB.
Partnerships with Major Retailers
Strengthened relationship with Walmart, securing commitment to serve 13 additional distribution centers with Living Butter Lettuce.
Cost Management Initiatives
Reduced approximately $3 million of annualized G&A expenses in the first quarter and an additional $4 million during the second quarter-to-date.
Debt Restructuring
Eliminated approximately $197 million of debt through March restructuring, improving the capital structure.
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LOCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $2.59 | $2.50 | -3.47% |
Mar 31, 2025 | $2.06 | $1.93 | -6.31% |
Nov 14, 2024 | $2.34 | $2.33 | -0.43% |
Aug 13, 2024 | $2.70 | $2.93 | +8.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Local Bounti Corporation (LOCL) report earnings?
Local Bounti Corporation (LOCL) is schdueled to report earning on Aug 19, 2025, TBA Not Confirmed.
What is Local Bounti Corporation (LOCL) earnings time?
Local Bounti Corporation (LOCL) earnings time is at Aug 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOCL EPS forecast?
LOCL EPS forecast for the fiscal quarter 2025 (Q2) is -1.3.
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