Here's Why Tattooed Chef Stock Tanked Today

Shares of food company Tattooed Chef (NASDAQ: TTCF) tanked on Friday after the company reported financial results for the second quarter of 2021. Growth was good, but the market appears to be focusing on some negatives with the company's revised outlook. For this reason, the stock was down 15% as of 12:45 p.m. EDT.

For Q2, Tattooed Chef generated revenue of $50.7 million. That's up 46% year over year. One of the primary drivers during the quarter was the company's increased product distribution. Its products now have over 48,000 points of distribution, which is more than double what the company had at this time last year.

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Source Fool.com