Tattooed Chef's (TTCF +0.00%) stock price dropped over 10% after it reported its second-quarter 2021 earnings on Aug. 13. In today's video I look at Tattooed Chef's most recent earnings and share some of the green flags and yellow flags investors should know about. Here are some highlights from the video.
- Tattooed Chef reported 45.9% year-over-year (YOY) revenue growth when it reported its second-quarter 2021 earnings on Aug. 13. The revenue growth was driven by 62% YOY revenue growth in its Tattooed Chef branded products, which provide roughly 65% of total revenue.
- Tattooed Chef is in a high growth state, focusing on acquisitions, increasing its store count, and robust marketing strategies to continue the high growth movement. In the past six months, the company has completed the acquisition of Foods of New Mexico and has entered numerous big chain supermarket stores like Kroger (KR +2.03%).
- The guidance for full-year adjusted earnings before interest, taxes, depreciation, and amortization has been downgraded to between negative $14 million and negative $17 million. Promotional spending on its aggressive plan for vigorous growth and the impact of higher logistic costs are some of the leading causes for the downgrade.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Aug. 13, 2021. The video was published on Aug. 13, 2021.
