Burning Questions for This Plant-Based Foods Company in 2022
Plant-based foods company Tattooed Chef (NASDAQ: TTCF) had a bumpy 2021, its first year as a public company. Sales fell short of what management originally guided for early in 2021 while inflation on costs like freight and higher sales of private-label products squeezed gross profit margins.
The stock market has become more volatile over the past year, and investors are less likely to give unproven companies the benefit of the doubt. It's time for Tattooed Chef to answer the bell and deliver on these three burning questions for 2022.
Tattooed Chef started as a food packer, manufacturing food products for other brands. However, CEO Sam Galletti's daughter, Sarah -- a chef with tattoos -- joined the company in 2017 and created her own brand of frozen, plant-based food products, such as burritos, pizzas, and burgers. And so the Tattooed Chef brand became the focal point of the business. The company is based in California but includes multiple facilities, including in Italy where the company grows most of its ingredients.
Source Fool.com
