Tattooed Chef

Tattooed Chef Review: Plant-based Foods.

Tatooed Chef (NASDAQ: TTCF) is one of the leading American companies producing plant-based food products. The company offers a wide range of innovative and eco-friendly plant-based food products. Branded products include semi-finished products that are available in the frozen food departments of leading grocery stores throughout the United States.

Products and brands. The company produces 16 types of products. All products have vegan certification and are gluten-free.

The products are produced mainly under the trademarks Tattooed Chef and Belmont. Most of the sales are accounted for by the Tattooed Chef trademark, which also showed the largest increase in sales revenue for 9 months of 2021 compared to the same period of the previous year.

Financial indicators. According to the results of 9 months of 2021, the company showed generally negative dynamics. Despite the fact that income, the cost of goods sold and gross profit increased, other indicators fell significantly. This is due to the takeover of Foods of New Mexico, a manufacturer of Mexican dishes. Thus, the decrease in financial results for 9 months of 2021 compared to the same period of the previous year is not caused by a deterioration in operating results, but by the inevitable financial outcome of the takeover of a fairly large company with two factories.