In this video, I will be going over Tattooed Chef's (TTCF 3.53%) Q4 earnings report and guidance for 2021.
The plant-based food company reported revenue of $39.6 million -- a 1.4% beat. Branded revenue of $23.9 million was up 172%. Gross profit margins were up 3% to 17.4%. The company also reaffirmed its annual guidance for 2021: revenue of $222 million, an increase of 49% compared to fiscal year 2020, and gross profit margins in the range of 20%-25%. If it can continue to grow at this pace, the company is well on its way to reaching its 2026 goal of $1 billion in revenue.