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Tattooed Chef, Inc., founded in 2018 and headquartered in Paramount, California, is a pioneering plant-based food company. Specializing in the production and distribution of a wide selection of frozen foods, Tattooed Chef has quickly made a name for itself in the retail food industry across the United States.
The company's core offerings include a variety of ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, and cauliflower crust pizza. These products cater to the growing demand for healthy, plant-based meal options and are available both under the private label and the Tattooed Chef brand in the frozen food sections of numerous retail food stores.
Tattooed Chef's innovative approach and commitment to quality have earned it a significant presence in the market. The company prides itself on creating products that are not only nutritious but also convenient and delicious, making it easier for consumers to incorporate plant-based foods into their daily diets.
Recently, Tattooed Chef has made notable strides in broadening its product portfolio and expanding its distribution network to reach more customers nationwide. Financially, the company continues to focus on growth and sustainability, leveraging partnerships and collaborations to enhance its market footprint.
In summary, Tattooed Chef, Inc. stands out in the plant-based food industry due to its innovative product offerings, strong market presence, and commitment to providing healthy, convenient, and tasty options for consumers.
Tattooed Chef (TTCF) has announced the acquisition of Belmont Confections for approximately $18 million, set to close in Q4 2021. Belmont specializes in manufacturing private label nutrition bars and will enhance Tattooed Chef's capacity to produce a diverse range of products. This acquisition aligns with Tattooed Chef's strategy to tap into the $10 billion global plant-based bar market, expanding its product offerings and sales channels. The Belmont facility is expected to generate over $100 million in annual revenue within two to three years, supporting Tattooed Chef's growth in ambient and refrigerated products.
Tattooed Chef (Nasdaq: TTCF) announced it will report its third-quarter financial results on November 10, 2021, after market close. A conference call to discuss these results will take place at 1:30 p.m. PT (4:30 p.m. ET), with participation details provided for investors. The call will be accessible via a webcast, which will be archived for 30 days on the company's website. Tattooed Chef is recognized for its innovative plant-based food products offered nationwide in retail and online.
Tattooed Chef (Nasdaq: TTCF) announces that six of its vegan and vegetarian entrée bowls are now available in approximately 1,200 Publix Super Markets as of October 1, 2021. The offerings include the Cauliflower Mac & Cheese Bowl, Plant Based Burrito Bowl, Spicy Thai Bowl, Veggie Hemp Bowl, Buddha Bowl, and Enchilada Bowl, priced starting at $4.99 per bowl. This expansion signifies a substantial growth opportunity for Tattooed Chef, as its products are now found in over 13,000 stores nationwide, including major retailers like Kroger and Walmart.
Tattooed Chef, a leader in plant-based foods, will participate in a fireside chat at the Cowen Health, Wellness & Beauty Summit on September 14, 2021. The management team will speak at 12:20 p.m. PT (3:20 p.m. ET). Investors can access the webcast through the Investors section of Tattooed Chef’s website. The company is known for its innovative, sustainably sourced products including ready-to-cook bowls and cauliflower pizza crusts, catering to the growing demand for plant-based options.
Tattooed Chef reported Q2 2021 financial results showing a 45.9% revenue increase to $50.7 million, driven by branded sales rising 62% to $33.1 million, which comprised 65% of total revenue. The gross profit improved to $8 million with a 15.7% gross margin, up from 10.8% last year. However, the company faced a net loss of $53.2 million, primarily due to a one-time tax asset valuation expense. For 2021, Tattooed Chef expects revenue between $235 million and $242 million, projecting growth of 58% to 63%
Tattooed Chef (TTCF) has launched four new entrée bowls, including Buffalo Cauliflower Mac & Cheese and Spicy Thai Bowl, now available in approximately 340 Sprouts Farmers Market stores. The Spicy Thai Bowl features gluten-free plant-based chicken in a spicy Thai peanut sauce, catering to the growing demand for plant-based options. Each bowl is priced starting at $5.79, requires minimal preparation, and reflects Tattooed Chef's commitment to innovative and sustainably sourced plant-based foods.
Tattooed Chef (Nasdaq: TTCF) announced that it will release its financial results for Q2 2021 on August 12, 2021, post-market. The company will hold a conference call at 1:30 PM PT to discuss the results, which can be accessed by dialing 877-300-8521 within the U.S. and 412-317-6026 internationally. A replay will be available after the call and the results will also be archived on the company’s website for 30 days. Tattooed Chef is a leader in the plant-based food sector, focusing on innovative and sustainable food products offered widely in retail and e-commerce.
Tattooed Chef Expands Distribution
Tattooed Chef (Nasdaq: TTCF) announced plans to launch its plant-based products in approximately 1,800 Kroger stores nationwide by September 2021. The launch will feature a selection of 12 SKUs including pizzas, entrée bowls, and vegetables, all of which are either vegan or vegetarian-friendly. This expansion into Kroger, one of the largest food retailers in the U.S., highlights Tattooed Chef's growth strategy and commitment to making its innovative meals accessible to a broader audience.
Tattooed Chef, a leading plant-based food company, will participate in three upcoming virtual investor conferences. The management team will host a fireside chat at the Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference on June 16, 2021, at 11:05 a.m. PT. Following that, they will engage in another chat at the Jefferies Virtual Consumer Conference on June 22, 2021, at 12:50 p.m. PT. Finally, investor meetings are scheduled for the 7th Annual Roth Virtual London Conference on June 23, 2021. Interested parties can access webcasts via the company’s website.
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