Local Bounti shares fall 2.99% intraday after reporting 28% year-over-year revenue growth.

Local Bounti Corporation dropped 2.99% intraday, with the company announcing its second quarter 2025 financial results, reporting a 28% year-over-year revenue growth driven by expanded facility operations and strengthened retail relationships. The company also achieved $7 million in annualized expense reductions in the first half of 2025, with additional cost optimization initiatives planned for the second half of the year. Additionally, Local Bounti appointed Dane Almassy as its Chief Commercial Officer, effective August 25, 2025.