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Tattooed Chef Brings Impressive Q4 Earnings -- What's Next?

By Neil Rozenbaum - Updated Mar 17, 2021 at 12:29PM

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The plant-based meal company is on track to reach $1B in revenue by 2026.

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.

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Stocks Mentioned

Tattooed Chef, Inc. Stock Quote
Tattooed Chef, Inc.
TTCF
$7.34 (3.53%) $0.25
Beyond Meat Stock Quote
Beyond Meat
BYND
$26.96 (-1.03%) $0.28

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