Tattooed Chef, Inc. Provides Earnings Guidance for the Full Year 2021 and Revenue Guidance for the Year 2022
August 12, 2021 at 04:14 pm
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Tattooed Chef, Inc. provided earnings guidance for the full year 2021. For the year, the company expects revenue in the range of $235 million to $242 million, an increase of 58% to 63% compared to 2020. This guidance implies 49% year-over-year growth on the base business to $222 million, and a $13 million to $20 million contribution from one of the two facilities included in the Foods of New Mexico acquisition. The company does not expect the second facility, Karsten, to have a material impact on 2021 revenue because of the timing of equipment being installed during the fourth quarter.
In 2022, the company continues to expect at least $300 million in revenue based on its distribution of success in grocery the year 2021 and its innovation pipeline, including the launch of its first refrigerated ambient products.
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 Companyâs 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 Chefâs e-commerce site. The Company's products are sold in approximately 21,000 retail outlets in the United States.
TATTOOED CHEF, INC. 
