Tattooed Chef Inc TTCFQ

Consumer Defensive Packaged Foods

Tattooed Chef, Inc. is a plant-based food company that offers a portfolio of frozen foods. The Company supplies plant-based products to retailers in the United States with signature products, such as ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, wood fire crusted pizza, handheld burritos, bars, and quesadillas. The Company’s products are available both on private labels and under its Tattooed Chef brand in the frozen food section of retail food stores. Its diverse offering of plant-based meals includes certified organic, non-genetically modified organisms (non-GMO), certified Kosher, gluten-free, and plant protein elements. It is available in the frozen food sections of national retail food and club stores across the United States, as well as on Tattooed Chef’s e-commerce site. The Company's products are sold in approximately 21,000 retail outlets in the United States.

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Tattooed Chef Inc

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Post by meowmeowmeowon Feb 07, 2021 3:53pm

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How This Food Company Growth Stock Plans to Generate $1B Rev

In Oct. 2020, a special purpose acquisition company (SPAC) named Forum Merger II completed its acquisition of Tattooed Chef (NASDAQ:TTCF), taking the small-cap food company public. Then in December, Tattooed Chef gave its first analyst-day presentation, laying out its plans to get to $1 billion in revenue by 2026.

For perspective, through the first three quarters of 2020, Tattooed Chef recorded revenue of $108.9 million, and it guided to $148.0 million for the full year. This implies the company will grow revenue at a 38% compound annual rate for the next five years, an ambitious goal to say the least.

While Tattooed Chef had a lot to say at its analyst day, I believe its plan for $1 billion can be boiled down to three main components: new products, broader distribution, and acquisitions.

https://www.fool.com/investing/2021/02/07/how-this-small-cap-food-company-generate-1-billion/

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